Which of the Following Statements Is Incorrect

question 125

Multiple Choice

Which of the following statements is incorrect?

• A) An unadjusted trial balance is a list of accounts and balances prepared before adjustments are recorded.
• B) An adjusted trial balance is a list of accounts and balances prepared after adjusting entries have been recorded and posted to the ledger.
• C) Each trial balance amount is used in preparing the financial statements.
• D) Financial statements should be prepared directly from information in the unadjusted trial balance.
• E) Financial statements can be prepared directly from information in the adjusted trial balance.

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Definitions:

Life Stressors

External pressures or events that cause strain or tension in an individual's life.

Cerebrovascular Accident

A medical emergency resulting from a disturbance in the blood supply to the brain, commonly known as a stroke.

Aphasia

A neurological condition characterized by the loss or impairment of the ability to communicate through speech, writing, or understanding language.

Mental Status

An assessment of a person's cognitive and emotional functioning, including awareness, perception, reasoning, and judgment.