Just give me the answer/ result. No need to explain or details about it. Thank you very much.

Adjusting entries are NOT necessary if the trial balance debit and credit columns balances are equal. True O False An intangible asset O is a liability because it has no physical substance. O derives its value from the rights and privileges it provides the owner. O is never amortized because it has an indefinite life. O cannot be classified on the balance sheet because it lacks physical substance