Question: M 4 - 2 ( Static ) Understanding Concepts Related to Adjustments [ LO 4 - 1 ] Required: Match each situation below to two

M4-2(Static) Understanding Concepts Related to Adjustments [LO 4-1]
Required:
Match each situation below to two applicable reasons that require an adjustment to be made.
Revenue has been generated.
Expense has been incurred.
Liability has been incurred.
Liability has been fulfilled.
Asset has been acquired.
Asset has been used up.

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