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QUESTION 16 A fiscal year is an accounting year of any 12 consecutive months that may or may not coincide with the calendar year. True

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QUESTION 16 A fiscal year is an accounting year of any 12 consecutive months that may or may not coincide with the calendar year. True False QUESTION 17 The actual goal of "The Matching Principle" is to ensure assets and liabilities are brought up to date. True False QUESTION 18 According to the text, the General Journal is called "The book of final entry." True False QUESTION 18 According to the text, the General Journal is called "The book of final entry." O True False QUESTION 19 The account, "Prepaid Rent" is an asset because it represents the right to occupy a building for a specific period of time. True False QUESTION 20 According to the lecture it is generally okay to use accounts payable when adjusting for accrued salaries. True False

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