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  3. Study Set
    Fundamental Accounting Principles Study Set 1
  4. Exam
    Exam 3: Adjusting Accounts and Preparing Financial Statements
  5. Question
    Each Adjusting Entry Affects One or More Income Statement Account
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Each Adjusting Entry Affects One or More Income Statement Account

Question 183

Question 183

True/False

Each adjusting entry affects one or more income statement account, one or more balance sheet account, and never cash.

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