Which of the Following Is Not a True Statement

question 79

Multiple Choice

Which of the following is not a true statement?

• A)When making an adjustment to recognize supplies used in a period,total assets will not change.
• B)Accrued wages are wages owed but not yet paid to employees and will need to be recorded with an adjusting entry that will increase expenses.
• C)Deferrals are created by reflecting a transaction so that it delays or defers the recognition of an expense or a revenue.
• D)Depreciation is an example of a deferred expense.

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Definitions:

Major Customer

A key client who significantly contributes to a company's revenue, often characterized by large, recurring purchases.

Qualifying Leads

The process of assessing potential customers to determine if they have a genuine need or interest in the product or service, and the ability to purchase.

Corporate Headquarters

The main office or center of operations for a corporation, often where strategic decisions are made.

Preapproach Stage

The phase in the sales process where the salesperson gathers relevant information before making the initial contact with the prospective customer.