Briefly explain the purposes of adjustments

Reference no: EM132090224

Question: 1. Briefly explain the purposes of adjustments.

2. Explain the relationships between adjustments and (a) the time period assumption (from chapter 3), (b) the revenue principle, and (c) the matching principle.

3. List the four types of adjustments, and give an example of each type.

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132090224

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