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By recording an adjusting entry for accrued expenses, the company ensures that its financial statements accurately reflect its true financial position and performance. In conclusion, the final step in the adjusting process - the preparation and recording of adjusting journal…
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Lets us now understand these patterns to identify the uptrends in the market. Conversely, if the pattern of higher lows is broken, it may signal a weakening uptrend or an onset of a downtrend, serving as a potential reversal indicator.…
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