Recall the steps in the accounting cycle shown in Exhibit 4-5. Assume that a company does not…

 
   

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Recall the steps in the accounting cycle shown in Exhibit 4-5. Assume that a company does not prepare a work sheet. Which of the two remaining steps in the accounting cycle are performed in a different order than they would be if a work sheet were prepared? Explain your answer. View Solution:
Recall the steps in the accounting cycle shown in Exhibit