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Business, 25.11.2019 21:31 joshajgaa

Which of the following statements describes the effect that adjustments may have on liabilities? a. adjustments reduce liabilities for the amount of any accrued and unpaid expenses at the end of the period. b. adjustments do not have any effect on liabilities, since cash is not included in the adjusting entries. c. adjustments increase liabilities for the amount of any accrued and unpaid expenses at the end of the period.

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Which of the following statements describes the effect that adjustments may have on liabilities? a....

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