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When a Worksheet Is Used All but One of the Following

Question 140

Multiple Choice

When a worksheet is used all but one of the following statements is correct. The incorrect statement is


A) Reconciling items on the worksheet are not journalized or posted.
B) The bottom portion of the worksheet shows the statement of cash flows effects.
C) The balance sheet accounts portion of the worksheet is divided into two parts: assets and liabilities and stockholders' equity.
D) Each line pertaining to a balance sheet account should foot across.

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