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The accounting processing cycle:

$1$ points

Multiple Choice

$$

provides an independent review to ensure management has appropriately applied generally accepted accounting principles in preparing financial statements.

$$ is the process of bringing the company's financial information up to cate before preparing the financial statements.

$$ is the process used to identify, analyze, record, and summarize transactions and prepare financial statements.

$$ is the process of transferring revenue and expense balances to recained earnings

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