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Which of the following statements about adjustments is false ? -Adjustments are necessary to match revenues and expenses. -Adjustments always affect once balance sheet account

Which of the following statements about adjustments is false?

-Adjustments are necessary to match revenues and expenses.

-Adjustments always affect once balance sheet account and one income statement account.

-Adjustments may increase or decrease cash

-Adjustments are made at the end of the accounting period.

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