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Author Question: What is the purpose of the adjusted trial balance? a. to verify that all of the adjusting entries ... (Read 213 times)

jparksx

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on: Jul 5, 2018
What is the purpose of the adjusted trial balance?
 a. to verify that all of the adjusting entries have been posted
  b. to verify that the net income (loss) is correctly reported
  c. to verify that no adjusting journal entry has been omitted.
  d. to verify that the debits and credits balance

Question 2

For a component unit to be blended in the financial statements, it must
 
  a. have substantively the same governing board of the primary government.
  b. provide services only to the primary government.
  c. benefit the government exclusively, even though it does not provide services directly to the primary government.
  d. Any of the above.


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Anton

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

d

Answer to Question 2

D


jparksx

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Reply #2 on: Jul 5, 2018
Thank you


Anton

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Reply #3 on: Jul 5, 2018
No problemo


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