Which of the following statements about the need for adjustments is not correct?

A) Adjustments help the financial statements present the economic resources that the company owns and owes at the end of the period.

B) Adjustments help the financial statements present the best picture of whether the company's activities were profitable for the period.

C) Without adjustments, the financial statements present an incomplete and misleading picture of the company.

D) Adjusting entries are intended to change the operating results to reflect management's objectives for operating performance.