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Which the adjusted trial balance shows

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Reference no: EM132746042

Problem 1: The adjusted trial balance shows:

A. amounts that may be out of balance.

B. amounts ready for the financial statements.

C. assets, liabilities, and owner's equity only.

D. revenues and expenses only.

Problem 2: Accounting data flow from the:

A. income statement to the statement of owner's equity.

B. statement of owner's equity to the balance sheet.

C. balance sheet to the income statement.

D. both a and b are correct.

Reference no: EM132746042

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