All of the Following Regarding Reversing Entries Are True Except

question 36

Multiple Choice

All of the following regarding reversing entries are true except:

• A)Reversing entries are optional.
• B)Reversing entries are recorded in response to accrued assets and accrued liabilities that were created by adjusting entries at the end of the previous accounting period.
• C)Reversing entries are used to simplify a company's recordkeeping.
• D)Reversing entries are dated the first day of the new accounting period.
• E)Reversing entries should not be the exact opposite of previous period adjusting entries.

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Definitions:

Specific Rotation

A measure of the degree to which a compound can rotate plane-polarized light, specific to its concentration and the length of the light path through the sample.

(S)-glyceraldehyde

The S-configuration enantiomer of glyceraldehyde, which serves as a standard for determining the absolute configuration of chiral molecules.

(R)-glyceraldehyde

A carbohydrate that is the R-enantiomer of glyceraldehyde, serving as a simple monosaccharide and a basic building block for more complex sugars.

(-)-glyceraldehyde

A specific stereoisomer of glyceraldehyde, a simple sugar molecule that serves as an intermediate in several metabolic pathways.