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Question 16 Adjusting entries that should be reversed include those f ned Owere originally entered in a revenue or expense account were originally entered in an asset or liability account O none of the above increase a revenue or expense account, reducing an asset or liability account Question 17 2 pts Compared to historical cost, a financial statement item reported at its current (fair) value would be more: Verifiable O Relevant Indicative of an entity's purchasing power Aggressive