Which of the Following Statements Is Not True

question 9

Multiple Choice

Which of the following statements is not true?

• A)Adjusting entries affect the cash account.
• B)Adjustments to prepaid expenses and unearned revenues are deferral adjustments.
• C)Adjustments for wages and income taxes are normally accrual adjustments.
• D)Adjusting entries involve one income statement account and one balance sheet account.

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Definitions:

Continuous Random Variable

A type of random variable that can take an infinite number of values within a given range, reflecting outcomes of continuous measurements.

Probability Density Function

A function that describes the likelihood of finding a continuous random variable within a particular range of values.

Random Variable

A variable with values that are contingent upon the results of a stochastic event.

Uniform Distribution

A type of probability distribution where all outcomes are equally likely to occur.