RiqLANE6854 RiqLANE6854

13-12-2022
Mathematics

Answered

review the statements below and select the one which is correct regarding the effect that reversing entries have on financial statements.O Net income will be higher, but total assets will be lower.O Financial statements are unaffected by the choice to use or not use reversing entries.O Assets and revenues will be lower when reversing entries are used. O Expenses and liabillties will be higher when reversing entries are used.

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