Which of the Following Statements Is False

Multiple Choice

Which of the following statements is false?

A) Companies can prepare the income statement and the statement of financial position directly from the adjusted trial balance.
B) Companies can prepare the statement of cash flows directly from the adjusted trial balance.
C) The adjusted trial balance proves the equality of total debits and total credits after all adjustments.
D) Each adjusting entry affects one statement of financial position account and one income statement account.