Final answer:
The correct answer is d. none of the above. A worksheet is not used to plan adjustments and sort financial statement information, and it is not prepared only once a year. Adjusting and closing entries are not specific to worksheets.
Step-by-step explanation:
The correct answer is d. none of the above. A worksheet is not used to plan adjustments and sort financial statement information, as that is the role of a trial balance. It is also not prepared only once a year, as worksheets can be used for regular financial analysis and reporting. Adjusting and closing entries are part of the accounting cycle, but they are not specifically related to worksheets.