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An adjusting entry a affects two balance sheet accounts. b affects two income statement accounts. c affects a balance sheet account and an income statement

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An adjusting entry a affects two balance sheet accounts. b affects two income statement accounts. c affects a balance sheet account and an income statement account. d is always a compound entry. The fiscal year of a business is usually determined by a the Canada Revenue Agency. b the Tax Act. c the business. d provincial securities and exchange commissions

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