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20. Which trial balance, if any, is used to prepare financial statements? (a) Adjusted trial balance (b) Post-closing trial balance (c) Unadjusted trial balance (d)

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20. Which trial balance, if any, is used to prepare financial statements? (a) Adjusted trial balance (b) Post-closing trial balance (c) Unadjusted trial balance (d) none 21. In a perpetual inventory system, cost of goods sold is recorded (a) on a daily basis. (b) on a monthly basis. (c) on an annual basis

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