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The adjusting entry to accrue interest at the end of the accounting period has which of the following effects? Check all that are true. Select

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The adjusting entry to accrue interest at the end of the accounting period has which of the following effects? Check all that are true. Select one or more: o Increases net income o Increases total assets Decreases net income Increases total liabilities Decreases total liabilities o Decreases total assets

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