Revenue and Expense Balances Are Transferred from the Adjusted Trial

question 73

True/False

Revenue and expense balances are transferred from the adjusted trial balance to the income statement.

---

Definitions:

Wernicke's Area

A region of the brain important for language comprehension, located in the posterior part of the temporal lobe on the left hemisphere in most people.

Lesion

Any damage or abnormal change in the tissue of an organism, usually caused by disease or trauma.

Aphasia

A language disorder that results from damage to parts of the brain responsible for language, affecting speaking, understanding, reading, and writing.

Frontal Lobes

The part of the brain located at the front of each cerebral hemisphere, responsible for problem solving, decision making, and controlling behavior and emotions.