Which of the following statements concerning reversing entries is true? a. Reversing entries are required by Generally Accepted Accounting Principles. b. Reversing entries are most often used with...

Which of the following statements concerning reversing entries is true?

a. Reversing entries are required by Generally Accepted Accounting Principles.

b. Reversing entries are most often used with accrual-type adjustments.

c. Reversing entries are dated December 31, the end of the fiscal year.

d. Reversing entries are recorded before adjusting entries.