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Which of the following statements is correct regarding adjustments? Select one: a. Adjustments update assets, liabilities and owner's equity b. Adjustments are optional c. All

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Which of the following statements is correct regarding adjustments? Select one: a. Adjustments update assets, liabilities and owner's equity b. Adjustments are optional c. All adjustments are made at the beginning of the accounting period d. Adjustments will correctly allocate cash to revenue or expenses

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