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Indicate which of the following statements are tru

Indicate which of the following statements are true or false regarding the work sheet. _____ The work sheet is essentially a working tool of the accounting. _____ The work sheet cannot be used as a basis for posting to ledgers. _____ The work sheet is distributed to management and other interested parties. _____ Financial statements can be prepared directly from the work sheet before journalizing and posting the adjusting entries.

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