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The preparation of adjusting entries Select one: a. is straight-forward because the accounts that need adjustment will be out of balance. b. is optional when

The preparation of adjusting entries

Select one: a. is straight-forward because the accounts that need adjustment will be out of balance. b. is optional when financial statements are prepared. c. is optional if the company uses ASPE d. requires an understanding of the companys operations and the inter-relationship of accounts. e. is only required for accounts that do not have a normal balance.

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