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    Financial Accounting Study Set 30
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    Exam 3: The Income Statement
  5. Question
    Unadjusted fiNancial Statements Do Not Reflect Revenues Earned or Expenses
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Unadjusted fiNancial Statements Do Not Reflect Revenues Earned or Expenses

Question 80

Question 80

True/False

Unadjusted financial statements do not reflect revenues earned or expenses incurred in the accounting period if the receipt or payment of cash occurs in a different period.

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