The income statement is prepared from the adjusted trial balance or the Income Statement columns of the end-of-period spreadsheet.

Name: The income statement is prepared from the adjusted trial balance or the Income Statement columns of the end-of-period spreadsheet.
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The income statement is typically prepared from the Income Statement columns of the end-of-period spreadsheet, which have been adjusted for any necessary accruals, prepayments, or other adjustments.

The Income Statement Is Prepared from the Adjusted Trial Balance