Question 5 1 pts (Critical thinking) Chapter 3 addresses adjusting entries. Two of the following are appropriate reasons for making year-end adjusting entries. What is NOT a valid, appropriate reason for making year-end adjusting! entries? "Smoothing" sharp increases or decreases in net income over two or more periods, so net income appears more stable Assigning expenses to the periods in which the expenses were incurred, even if they have not yet been paid O Bring various accounts up to date to reflect transactions or events that extend over more than one accounting period. UITOSTILA es/1851373/quizzes/2759555/take Question 5 1 pts [Critical thinking) Chapter 3 addresses adjusting entries. Two of the following are appropriate reasons for making year-end adjusting entries. What is NOT a valid, appropriate reason for making year-end adjusting entries? O "Smoothing" sharp increases or decreases in net income over two or more periods, so net income appears more stable Assigning expenses to the periods in which the expenses were incurred, even if they have not yet been paid O Bring various accounts up to date to reflect transactions or events that extend over more than one accounting period