The income statement is prepared from:
A) the adjusted trial balance.
B) the income statement columns of the work sheet.
C) either the adjusted trial balance or the income statement columns of the work sheet.
D) both the adjusted trial balance and the income statement columns of the work sheet.

Question

Quizplus · Accepted Answer

The income statement can be prepared from either the adjusted trial balance or the income statement columns of the work sheet. Both of these sources provide the necessary information for creating the income statement.

The Income Statement Is Prepared From