TB MC Qu$.4-24($Static$)$ One of the major advantages of adjustments...

One of the major advantages of adjustments to help improve the quality of financial statements is that they:

Multiple Choice

ensure that revenues and expenses are recognized in the proper period.

ensure that all estimates of future activities are eliminated from consideration.

ensure that revenues and expenses are recognized conservatively during the period in which they are paid.

provide an opportunity to manipulate the numbers to the best advantage of the reporting company.