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Select all that apply Which one of the following statements are true about the impact of adjustments on the financial statements? Multiple select question. 1
Select all that apply
Which one of the following statements are true about the impact of adjustments on the financial statements?
Multiple select question.
Adjustments relating to accrued expenses increase an expense.
Adjustments can increase cash.
Adjustments include both a balance sheet account and an income statement account.
Adjustments relating to accrued revenues credit a revenue account.
Adjustments relating to depreciation decrease an expense.
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