5) Which entity regulates the trading of stocks but does not guarantee the profitability of the investment? 1 Point FASB SEC 6) Which financial statement is prepared first? 1 Point Balance sheet Income statement Statement of cash flows 7) What is the name of the first trial balance that must be prepared? 1 Point Unadjusted trial balance Adjusted trial balance Post-closing trial balance 8) When preparing financial statements, which one shows how much money came in and went out of a company during a given time period? 1 Point Statement of cash flow Income statement Statement of retained earnings 9) What are the entries called that close temporary accounts? 1 Point Ledgers Closing entries Adjusting entries