Exam #2 CengageNOWv2| Assignments x CengageNOWv2| Online teaching and leaming resource from Cengage Leaming-Google Ovome v2.cengagenow.com/ilm/takeAssignment/print UntakenAssignment.do?assignmentid=3887074 Amelia CengageNOWV2 | Online teaching and learning purce from C arning My Hom Courses Catalog Rental C College: RECOMMENDED Study Student Tips Change B Help Give Fee When is the adjusted trial balance prepared? a. after adjusting journal entries are posted b. after the adjusting journal entries are journalized c. before adjusting journal entries are posted d. before the adjusting journal entries are journalized 10. MC.04.73 Once the adjusting entries are posted, the adjusted trial balance is prepared to a. verify that the debits and credits are in balance b. verify that the net income correctly flows into the statement of stockholders' equity from the income statement c. verify the correct flow of accounts into the financial statements d. verify that the net income (loss) is correct for the period 11. MC.04.81 The income statement should be prepared a. after the retained earnings statement and balance sheet b. after the balance sheet and before the retained earnings statement c. before the retained earnings statement and balance sheet d. after the retained earnings statement and before the balance sheet 12. MC 04.79 The first item appearing on the retained earnings statement is a. net income b. the beginning balance of retained earnings c. the ending balance of retained earnings d. dividends 13. MC 04.80 The retained earnings statement should be prepared a. after the income statement and before the balance sheet b. before the income statement and after the balance sheet c. before the income statement and balance sheet d. after the income statement and balance sheet Search 11 B o CengageNOW CongeNOW