Which Statement Is True About an Adjusted Trial Balance

question 116

Multiple Choice

Which statement is true about an adjusted trial balance?

• A)It is prepared before adjusting entries.
• B)Revenue accounts and expense accounts should not appear on the adjusted trial balance.
• C)Balance sheet items are presented before income statement items.
• D)Accumulated depreciation should equal depreciation expense.

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Definitions:

Positive Consequences

Beneficial outcomes that result from certain actions or behaviors, often serving as incentives or rewards.

Negative Consequences

Unfavorable or harmful outcomes resulting from an action, decision, or situation.

Deceptive Negotiation Tactics

Techniques used in bargaining that involve misleading or tricking the other party to gain an advantage.

District Attorneys

Public officials who represent the government in the prosecution of criminal offenses.