All of the following statements are true except one. Which statement is false?

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All of the following statements are true except one. Which statement is false?

a. Adjusting entries are required for a business that uses the cash basis.

b. Accrual accounting produces better information than cash-basis accounting.

c. The matching principle directs accountants to identify and measure all expenses incurred and deduct them from revenues earned during the same period.

d. A fiscal year ends on some date other than December 31.

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