The Biggest Distinction Between Accruals and Deferrals Is

question 96

Multiple Choice

The biggest distinction between accruals and deferrals is

• A)one emphasizes conservatism while the other promotes aggressive accounting positions.
• B)how long a company must wait until the collection of cash occurs.
• C)with accruals, no record of the activity has been made prior to the adjustment process, and with deferrals, the activity has already been recorded in the accounting records, but the proper amount of revenue or expense has not been recognized.
• D)adjustments are necessary for accruals, whereas, adjustments are not necessary for deferrals.

Understand the anatomical structure and function of the ear, including the tympanic membrane, cochlea, and auditory ossicles.

Comprehend the mechanisms of hearing and how sound is processed within the organ of Corti.

Recognize the different types of deafness and their potential causes.

Identify the components and functions related to the equilibrium system in the human body.

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