An adjusted trial balance should be prepared before the adjusting entries are made.
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Q47: The revenue recognition principle dictates that revenue
Q48: The expense recognition principle requires that expenses
Q49: Management usually desires _ financial statements and
Q50: An accounting time period that is one
Q51: Adjustments would not be necessary if financial
Q53: Every adjusting entry affects one balance sheet
Q54: In general the shorter the time period
Q55: The fiscal year of a business is
Q56: Accrued revenues are amounts recorded and received
Q57: Which of the following time periods would
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