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There are five categories of accounts utilized/require adjusting entries. Explain and discuss Long-Term Assets and Accrued Liabilities. Why is it important to consider that the item will benefit more than one accounting period? Why & what adjusting entries are required?. Explain and discuss Long-Term Assets and Accrued Liabilities. Why is it important to consider that the item will benefit more than one accounting period? Why & what adjusting entries are required?

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There are five categories of accounts utilized/require adjusting entries. Explain and discuss

Long-Term Assets and Accrued Liabilities. Why is it important to consider that the item will benefit more than one accounting period? Why & what adjusting entries are required?

 
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