Adjusting Entries Are

question 106

Multiple Choice

Adjusting entries are

• A)not necessary if the accounting system is operating properly.
• B)usually required before financial statements are prepared.
• C)made whenever management desires to change an account balance.
• D)made to statement of financial position accounts only.

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Definitions:

Sound Argument

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An argument that only claims that its conclusion probably follows from the premise.

Definitional Premise

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