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Closing entries are required: Select one: A. If management has decided to cease operating the business. B. Only if the company adheres to the accrual
Closing entries are required:
Select one:
A. If management has decided to cease operating the business.
B. Only if the company adheres to the accrual method of accounting.
C. In order to satisfy the Internal Revenue Service guidelines.
D. If a company's bookkeeper does not choose to prepare reversing entries.
E. So that Revenue, expense, and dividends accounts must begin each period with zero balances.
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