An adjusted trial balance:
Select one:
A. is prepared after the financial statements are completed.
B. proves the equality of the total debit balances and total credit balances of ledger accounts after all adjustments have been made.
C. is a required financial statement under generally accepted accounting principles.
D. cannot be used to prepare financial statements.

B. proves the equality of the total debit balances and total credit balances of ledger accounts after all adjustments have been made.

Explanation:

An adjusted trial balance contains the the ending balances of all accounts of the financial statements after adjusting entries have been made. In adjusted trial balance, the various year-end adjustments are  made to the accounts after which a statement of comprehensive income and then a statement of financial position can be prepared, using these adjusted balances.

So based on the above discussion the answer is B. proves the equality of the total debit balances and total credit balances of ledger accounts after all adjustments have been made.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.