Question: Question 3 Which is false regarding adjusting journal entries? O They are required for GAAP and cash basis accounting. They are important to accurately reflect

Question 3 Which is false regarding adjusting journal entries? O They are required for GAAP and cash basis accounting. They are important to accurately reflect a company's net income for the period. O They are made at the end of the accounting period. They are necessary to update accounts to their proper balance.

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