Adjustments are often prepared
A) after the statement of financial position date, but dated as of that date.
B) after the statement of financial position date, and dated after that date.
C) before the statement of financial position date, but dated as of that date.
D) before the statement of financial position date, and dated after that date.

Question

Quizplus · Accepted Answer

Adjustments are typically prepared after the statement of financial position date (also known as the balance sheet date) but are dated as of that date to reflect the financial condition and results of operations as accurately as possible at the balance sheet date.

Adjustments Are Often Prepared