One Major Difference Between Deferral and Accrual Adjustments Is

question 39

Multiple Choice

One major difference between deferral and accrual adjustments is:

• A)deferral adjustments involve previously recorded transactions and accruals involve previously unrecorded events.
• B)deferral adjustments are made after taxes and accrual adjustments are made before taxes.
• C)deferral adjustments are made annually and accrual adjustments are made monthly.
• D)deferral adjustments are influenced by estimates of future events and accrual adjustments are not.

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