Which of the Following Is the LAST Step of Preparing

question 5

Multiple Choice

Which of the following is the LAST step of preparing the worksheet?

• A) Compute each account's adjusted balance by combining the trial balance and adjustment figures. Enter each account's adjusted amount in the adjusted trial balance columns.
• B) On the income statement column, compute net income. Enter net income as the balancing amount on the income statement and balance sheet columns. Total the income statement and balance sheet columns.
• C) Copy the asset, liability, and owner's equity amounts from the adjusted trial balance to the balance sheet columns. Copy the revenue and expense amounts to the income statement columns. Total each column.
• D) Enter the adjusting entries in the adjustments columns, and total the amounts.

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Definitions:

Sales Presentation

A pitch or demonstration given by a salesperson to a potential buyer, highlighting the benefits and features of a product or service.

Customer Profile

A detailed description of a business's ideal customer based on their demographics, preferences, and behaviors.

Self-Control

The ability to regulate one's emotions, thoughts, and behavior in the face of temptations and impulses.

Difficult Trait

A characteristic or aspect of a person's behavior or personality that is challenging to deal with or overcome.