The following accounts are up-to-date and need no adjustment at the end of the period:

Question

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Cash, Land, and Common Stock are accounts that typically do not require end-of-period adjustments. Cash is a real account with a balance that reflects the actual amount of money available. Land is a non-depreciable asset, so its value does not change due to depreciation. Common Stock represents the equity of shareholders and does not require adjustment unless new shares are issued or repurchased.

The Following Accounts Are Up-To-Date and Need No Adjustment at the End