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Question 1 6 2 pts Which of the following statements about adjusting entries is not correct? Adjusting entries often affect the cash account Adjustments are
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Which of the following statements about adjusting entries is not correct?
Adjusting entries often affect the cash account
Adjustments are needed to ensure that the accounting system includes all of the revenues and expenses of the period.
Adjustments help to ensure the relayed accounts on the balance sheet and income statement are up to date and complete
Adjusting entries generally include one balance sheet and one income statement account.
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