Which of the following statements is incorrect concerning an adjusted trial balance? a. An adjusted trial balance

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Which of the following statements is incorrect concerning an adjusted trial balance?

a. An adjusted trial balance lists account balances and their locations in the ledger.

b. An adjusted trial balance shows proper balance sheet and income statement amounts.

c. An adjusted trial balance is prepared before the adjusting entries have been journalized and posted.

d. An adjusted trial balance can be used to prepare the financial statements.

e. All of the above are true statements.

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