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Multiple Select Question

Select all that apply

A reversing entry can be described as a$($n$)$:

entry whose purpose is to simplify a company's record keeping.

entry that is used for adjusting entries involving accrued revenues and accrued expenses.

entry that is the exact opposite of an accrual adjusting entry.

entry that reduces expenses reported on the income statement.

required entry done at the end of an accounting period.

optional entry.