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Discussion question 1: In regards to year-end adjustments and adjusting entries, explain if it matters if one decides to record a $100,000 adjustment for accrued

Discussion question 1: In regards to year-end adjustments and adjusting entries, explain if it matters if one decides to record a $100,000 adjustment for accrued revenues in the January of the following year (e.g., 2020) rather than in December (2019) of the current year.

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