Which of the Following Statements Is Incorrect

question 237

Multiple Choice

Which of the following statements is incorrect?

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

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Definitions:

Distribution Facilities

Physical locations such as warehouses and distribution centers where goods are stored, managed, and dispatched to retailers or customers, playing a critical role in the supply chain.

Seasonal Products

Items whose demand fluctuates according to the time of year, often influenced by seasons or holidays.