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_______________ Is a Discussion with Knowledgeable Individuals,both Inside and Outside

question 54

Multiple Choice

_______________ is a discussion with knowledgeable individuals,both inside and outside the organization,who may provide insights into a problem.


Definitions:

Adjusted Trial Balance

A financial report that lists all the account titles and balances of a company after adjusting entries are made, used for the preparation of financial statements.

Unadjusted Trial Balance

A preliminary report in accounting that lists all the balances from all the accounts before any end-of-period adjustments are made.

Adjustments

Changes made to accounts to record actual events that have occurred but haven't yet been recorded by the end of the accounting period.

Income Statement

A financial document that shows a company's revenues, expenses, and net income over a certain period of time.

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