Question: Multiple Select Question Select all that apply Adjusting entries are important because ( Select all that apply. ) adjustments ensure that the balance sheet reports

Multiple Select Question
Select all that apply
Adjusting entries are important because (Select all that apply.)
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.
without them, Net Income would be zero
adjustments ensure that the assets and liabilities are properly reflected in the income statement
Multiple Select Question Select all that apply Adjusting entries are important

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