Which of the following is a characteristic of the worksheet?

Question

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The worksheet is a tool used in accounting to help prepare financial statements. The income statement section comes before the retained earnings statement section on the worksheet because the net income or loss calculated in the income statement affects the retained earnings statement. Choices A, B, and C are incorrect: worksheets do facilitate the preparation of financial statements, the income summary account is not typically used on a worksheet (instead, net income or loss is directly calculated), and more than one trial balance (unadjusted, adjusted) can appear on the worksheet.

Which of the Following Is a Characteristic of the Worksheet