The Income Statement Is Prepared From

question 132

Multiple Choice

The income statement is prepared from:

• A) the adjusted trial balance.
• B) the income statement columns of the work sheet.
• C) either the adjusted trial balance or the income statement columns of the work sheet.
• D) both the adjusted trial balance and the income statement columns of the work sheet.

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Definitions:

Space Limited

A condition where there is a restriction or not enough room available for a specific purpose or activity.

File Folder

A folder used to hold and organize documents or papers.

Filing Supply

Materials and tools used for organizing documents, such as folders, labels, cabinets, and dividers.

Numeric Filing System

A filing system that organizes files by numbers instead of names. Each patient is assigned a number in the order in which she joins the practice.