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Adjusting entries are made to ensure that: O expenses are recognized in the period in which they are incurred. O revenues are recorded in the

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Adjusting entries are made to ensure that: O expenses are recognized in the period in which they are incurred. O revenues are recorded in the period in which the performance obligation is satisfied. O balance sheet and income statement accounts have correct balances at the end of an accounting period. O all of these answer choices are correct

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