Which of the following is not true regarding the flow of information from the adjusted trial balance on the end-of-period spreadsheet? O a. The retained earnings and dividends account balances flow into the statement of stockholders' equity'. O b. The retained earnings balance flows into the income statement. O c. The asset and liability account balances flow into the balance sheet. O d. The revenue and expense account balances flow into the income statement.

Which of the following is not true regarding the flow of information from the adjusted trial balance on the end-of-period spreadsheet? O a. The retained earnings and dividends account balances flow into the statement of stockholders' equity'. O b. The retained earnings balance flows into the income statement. O c. The asset and liability account balances flow into the balance sheet. O d. The revenue and expense account balances flow into the income statement.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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