The adjusted trial balance verifies that total debits equals ...

[Zulu123]

The adjusted trial balance verifies that total debits equals total credits before the adjusting entries are prepared.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

A nongovernment, not-for-profit environmental organization conducts a mailing about the dangers of global warming. Included in the mailing is a request for donations. How should this activity be reported be in the statement of activities?
 
  a. Fund-raising expense
  b. Program expense
  c. Fund-raising, unless certain criteria are met
  d. Allocated between fund-raising and program support

[Edwyer]

Answer to Question 1

False

Answer to Question 2

C