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High School Students Take the ACT or SAT Test to Get

question 32

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High school students take the ACT or SAT test to get into college. These tests are both examples of

Recognize and record various types of adjusting journal entries.
Comprehend the process and necessity of closing entries in the accounting cycle.
Comprehend how to close temporary accounts at the end of the accounting period.
Understand the impact of adjusting and closing entries on financial statements.

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