Which of the Following Is NOT a Correct Statement About

question 74

Multiple Choice

Which of the following is NOT a correct statement about adjusting entries?

• A)Every adjusting entry affects cash.
• B)Every adjusting entry affects the balance sheet.
• C)Every adjusting entry affects net income.
• D)Adjusting entries are posted before the adjusted trial balance is prepared.

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Sarbanes-Oxley Act

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