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The preparation of adjusting entries is: a. straightforward because the accounts that need adjustment will be out of balance. b. needed to ensure that the
The preparation of adjusting entries is:
a. straightforward because the accounts that need adjustment will be out of balance.
b. needed to ensure that the expense recognition principle is followed.
c. only required for accounts that do not have a normal balance.
d. optional when financial statements are prepared.
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