Question

A worksheet can not be used for which of the following purposes?
A) Preparing interim financial statements without actually adjusting or closing the accounts.
B) Reducing to a single page the presentation of financial information within the company’s annual report.
C) Showing accountants and management how proposed adjusting entries and transactions will affect the financial statements.
D) None of the above

Answer 1

B) Reducing to a single page the presentation of financial information within the company’s annual report