Which of the Following Statements Is TRUE

question 90

Multiple Choice

Which of the following statements is TRUE?

• A)A trial balance presents data in debit and credit format,but a balance sheet does not.
• B)A trial balance is in the same format as a balance sheet.
• C)A trial balance is created after the balance sheet is prepared.
• D)A trial balance shows total amounts for assets,liabilities and equity.

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Definitions:

Risk Averse

An investor who will consider risky portfolios only if they provide compensation for risk via a risk premium.

Variable Annuity Contract

An insurance contract that provides future payments to the holder, where the amounts depend on the performance of the investment options chosen.

Hypothetical Constant-Benefit Payment

A theoretical payment scenario where beneficiaries receive a constant amount, regardless of changes in the underlying value or conditions.

Personal Trust

An interest in an asset held by a trustee for the benefit of another person.