End of period adjusting entries are considered important due to which of the following? A.All the items on the Income statement are recorded correctly B.All the items on the Balance sheet are recorded...

End of period adjusting entries are considered important due to which of the following?

A.All the items on the Income statement are recorded correctly

B.All the items on the Balance sheet are recorded correctly

C.Asset balances are not overstated

D.All of the other answers are correct

E.Liability balances are not understand