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A reversing entry a. Is the exact opposite of an adjusting entry made in a previous period. b. Reverses entries that were made in error

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A reversing entry a. Is the exact opposite of an adjusting entry made in a previous period. b. Reverses entries that were made in error O c. is made when a business disposes of an asset it previously purchased. d. Is made when a company sustains a loss in one period and reverses the effect with a profit in the next period

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