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Adjusting entries are required when expenses are recorded in the period in which they are earned. when revenues are recorded in the period in
Adjusting entries are required when expenses are recorded in the period in which they are earned. when revenues are recorded in the period in which the service is provided. because some costs expire with the passage of time and have not yet been journalized. O when the company's profits are below the budget.
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
7th edition
978-1118344262, 111834426X, 1118162285, 978-1118562208, 1118562208, 978-1118162286
