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Congress has all of the following powers EXCEPT
Closing Entries
Journal entries made at the end of an accounting period to transfer balances from temporary to permanent accounts.
Statement of Income
A financial report summarizing the revenues, expenses, and profits/losses of a company over a specified period, also known as an income statement.
Adjusted Trial Balance
A list of all accounts and their balances after adjusting entries have been made, used to prepare financial statements.
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