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Which of the following statements about pre-close trial balances is true? Multiple Choice The adjusted trial balance shows the end-of-year balance for Retained Earnings. The

Which of the following statements about pre-close trial balances is true?

Multiple Choice

  • The adjusted trial balance shows the end-of-year balance for Retained Earnings.

  • The order of accounts on a trial balance is as follows: assets, liabilities, stockholders' equity, dividends, revenues, and expenses.

  • An adjusted trial balance presents account balances in the same level of detail as in the presentation of the financial statements.

  • The adjusted trial balance shows all the debit and credit postings to all the ledger accounts.

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