Accounts Often Need to Be Adjusted Because

question 94

Multiple Choice

Accounts often need to be adjusted because

• A) there are never enough accounts to record all the transactions.
• B) many transactions affect more than one time period.
• C) there are always errors made in recording transactions.
• D) management can't decide what they want to report.

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Definitions:

President Bill Clinton

The 42nd President of the United States, serving from 1993 to 2001, and a member of the Democratic Party known for his policies on welfare reform, healthcare, and the economy.

Hillary Clinton

An American politician, diplomat, and lawyer who served as the First Lady of the United States, U.S. Senator, and Secretary of State, and was the Democratic nominee for President in 2016.

Midterm Election

Elections held midway through the term of the sitting President of the United States, where a significant portion of the Congress and some state governors are elected.

Republicans in Congress

Republicans in Congress are members of the United States Congress who are part of the Republican Party, one of the two major political parties in the United States, often associated with conservative policies.