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Adjustments are made to ensure that: a . expenses are recognized in the period in which they are incurred. b . revenues are recorded in

Adjustments are made to ensure that:

.

expenses are recognized in the period in which they are incurred.

.

revenues are recorded in the period in which the performance obligation is satisfied.

.

balance sheet and income statement accounts have correct balances at the end of an accounting period.

.

All of the answer choices are correct.

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