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9. A company is required to prepare adjusting entries for its financial statements because a) Canada Revenue Agency requires adjusting entries. b) the cash balance

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9. A company is required to prepare adjusting entries for its financial statements because a) Canada Revenue Agency requires adjusting entries. b) the cash balance would not be properly reected. c) long-term assets must be expensed when purchased. d) transactions may relate to more than one accounting period

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