Business, 24.01.2020 21:31 MathChic68
Once a company has prepared an adjusted trial balance it is ready to prepare financial statements. which financial statement is prepared first, second, then third?
a. first the income statement is prepared, then the retained earnings statement is prepared, finally the balance sheet is prepared.
b. first the balance sheet is prepared, then the retained earnings is prepared, finally the income statement is prepared.
c. first the income statement is prepared, then the balance sheet is prepared, finally the retained earnings statement is prepared.
d. first the retained earnings statement is prepared, then the balance sheet is prepared, finally the income statement is prepared.
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