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  3. Study Set
    Financial Accounting
  4. Exam
    Exam 4: Adjustments,financial Statements,and the Quality of Earnings
  5. Question
    At the End of the Accounting Period,the Balances in the Temporary
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At the End of the Accounting Period,the Balances in the Temporary

Question 50

Question 50

True/False

At the end of the accounting period,the balances in the temporary accounts are closed while the balances in the permanent accounts are carried forward to the next accounting period.

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