Answer
The financial statement can be prepared directly from the adjusted Trail Balance.
Work Step by Step
Because adjusted trial balance is a list of accounts and their balances after all adjustments have been made.
Accounting: Tools for Business Decision Making, 5th Edition
by Kimmel, Paul D.; Weygandt, Jerry J.; Kieso, Donald E.
Published by
Wiley
ISBN 10:
1118128168
ISBN 13:
978-1-11812-816-9
Chapter 4 - Accrual Accounting Concepts - Questions - Page 201: 23
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