Question: Adjusting entries are important because ( Select all that apply. ) without them, Net Income would be zero adjustments ensure that the balance sheet reports

Adjusting entries are important because
(Select all that apply.)
without them, Net Income would be zero
adjustments ensure that the balance sheet reports all of the economic resources the company owns and all of the obligations the company owes
without them, the financial statements would be misleading.
adjustments ensure that the assets and liabilities are properly reflected in the income statement
Adjusting entries are important because (Select all that apply.) without them,

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