Which of the Following Statements Is TRUE of a Trial

question 127

Multiple Choice

Which of the following statements is TRUE of a trial balance?

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

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Definitions:

Constitutional Power

The authority granted by a constitution, especially the United States Constitution, to the different branches of government or to specific governmental roles.

Executive Order

A directive issued by the president or a governor that has the force of law, often used to manage operations of the federal government.

National Emergencies

Situations declared by a government that threaten the country and its citizens, requiring immediate and often extensive response measures.

Signing Statement

A written comment issued by the President when signing a bill into law, often outlining interpretations or concerns.