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Which of the following statements concerning reversing entries is true? O A. Reversing entries are most often used with accrual-type adjustments. O B. Reversing entries

Which of the following statements concerning reversing entries is true?

O A. Reversing entries are most often used with accrual-type adjustments.

O B. Reversing entries are required by Generally Accepted Accounting Principles (GAAP).

O C. Reversing entries are dated December 31, the end of the fiscal year.

O D. Reversing entries are recorded before adjusting entries.

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