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    Financial Accounting
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    Exam 3: The Basics of Record Keeping and Financial Statement Preparation: Income Statement
  5. Question
    Adjusting Entries May Increase or Decrease Balances in Balance Sheet
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Adjusting Entries May Increase or Decrease Balances in Balance Sheet

Question 119

Question 119

True/False

Adjusting entries may increase or decrease balances in balance sheet accounts and income statement accounts.

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