a. Describe a year-end adjustment that results in a decrease in liabilities. b. Describe a year-end adjustment

Question:

a. Describe a year-end adjustment that results in a decrease in liabilities.
b. Describe a year-end adjustment that reduces the book value of a long-term asset.
c. Describe a year-end adjustment that results in a decrease in assets.
d. Describe a year-end adjustment that results in an increase in liabilities.

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