The statement of financial position and statement of income can be prepared from the information provided by an adjusted trial balance. True False Question 2 (1 point) Saved Adjusting entries never affect cash. True False Question 3 (1 point) When money is received from a customer prior to the delivery of goods or the performance of a service, it is recorded as revenue. True False Question 4 (1 point) Expense recognition is tied to changes in assets and liabilities True False Question 5 (1 point) Posting is the process of proving the equality of debits and credits in the trial balance. True False