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1 Which of the following statements is NOT a reason that adjusting entries are needed? The accounts in the unadjusted trial balance may not have

1 Which of the following statements is NOT a reason that adjusting entries are needed? The accounts in the unadjusted trial balance may not have up-to-date and complete data. O Transactions need to analyzed at the end of the period. O Adjusting entries help ensure that the revenue recognition and matching principles are followed. Adjusting entries update assets and liabilities as well as revenue and expense accounts. 1 pts

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