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12. Which statement is true regarding accounting and time frames? A. Companies with inventory must adopt the calendar year as a fiscal year. B. Manufacturers

12. Which statement is true regarding accounting and time frames? A. Companies with inventory must adopt the calendar year as a fiscal year. B. Manufacturers are required to use the calendar year as their fiscal year. C. Time frames are significant when performing adjusting entries. D. Time frames do not matter when performing reversing entries. please explain work

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