Question: Adjusting entries are a . optional under generally accepted accounting principles b . needed to bring accounts up to date and match revenue and expense

Adjusting entries are
a. optional under generally accepted accounting principles
b. needed to bring accounts up to date and match revenue and expense
c. rarely needed in large companies
d. the same as correcting entries
Adjusting entries affect at least one
a. asset and one stockholders' equity account
b. income statement account and one balance sheet account
c. revenue account and one stockholders' equity account
d. revenue account and the dividends account
Adjusting entries are a . optional under

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