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Q: . Which of the following reports a company's results of operations? A) Balance sheet B) Statement of owner’s equity in a proprietorship C) Adjusted trial balance D) Income statement
A: The best answer is D. Income statement - is the report showing company's results of operations.
Expert answered|ephraimzRN|Points 775|
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Asked 10/30/2011 11:04:43 PM
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Financial statements can be prepared from a(n): A) general journal. B) general ledger. C) unadjusted trial balance. D) adjusted trial balance.
Weegy: b. general ledger. Post to general ledger: The general journal entries are posted to the general ledger, which is organized by account. [ All transactions for the same account are collected and summarized; for example, the account entitled "Sales" will accumulate the total value of the sales for the period. If posting were done daily, the "Sales" account in the ledger would show the total sales for each day as well as the cumulative sales for the period to date. Posting to ledger accounts may be less frequent, perhaps at the end of each day, at the end of the week, or possibly even at the end of the month. ] (More)
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Expert Answered
Updated 2/6/2014 2:02:51 AM
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Financial statements can be prepared from a : D) adjusted trial balance.
Added 2/6/2014 2:02:51 AM
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