Question: Select all that apply A reversing entry can be described as a(n): Multiple select question. entry that reduces expenses reported on the income statement. entry

Select all that apply A reversing entry can be described as a(n): Multiple select question. entry that reduces expenses reported on the income statement. entry whose purpose is to simplify a company's record keeping. required entry done at the end of an accounting period. entry that is the exact opposite of an accrual adjusting entry. entry that is used for adjusting entries involving accrued revenues and accrued expenses. optional entry

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