An unadjusted trial balance:
A. is prepared after end-of-period adjustments have been made.
B. contains final amounts for assets and liabilities, but not for revenues and expenses.
C. will not reflect up-to-date information for income taxes.
D. cannot be used to prepare financial statements.
Answer: C
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a. True b. False Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)