A Trial Balance Prepared After Adjustments Have Been Recorded Is

question 178

Multiple Choice

A trial balance prepared after adjustments have been recorded is called a(n) :

• A) Balance sheet.
• B) Classified balance sheet.
• C) Unclassified balance sheet.
• D) Adjusted trial balance.
• E) Unadjusted trial balance.

---

Definitions:

Budget Constraint

The constraint on the collection of goods or services a consumer is able to purchase, determined by their income and the cost of those goods or services.

Utility

A measure of satisfaction or happiness that consumers derive from consuming goods and services.

Indifference Curves

Graphical representations used in microeconomics to show combinations of two goods that give an individual equal satisfaction and utility.

Budget Constraint

The limitations on the spending decisions of consumers based on their income and the prices of goods and services.