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Author Question: What is the major difference between the unadjusted trial balance and the adjusted trial balance? ... (Read 125 times)

darbym82

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on: Jul 5, 2018
What is the major difference between the unadjusted trial balance and the adjusted trial balance?
 a. The adjusted trial balance will show the net income (loss) as an additional account.
  b. Unlike the adjusted trial balance, the unadjusted trial balance will continue with the end-of-period processing even if it is not in balance.
  c. The adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts.
  d. The adjusted trial balance will be used to record the adjustments for the period.

Question 2

A government hospital received a cash donation restricted for construction of a new wing to the hospital. How should the donation be reported be reported in the statement of cash flows?
 
  A. Cash inflows from operating activities.
  B. Cash inflows from noncapital financing activities.
  C. Cash inflows from capital and related financing activities.
  D. Cash inflows from investing activities.


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Bsand8

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Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

C


darbym82

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

LVPMS

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Reply 3 on: Yesterday
Excellent

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