One Major Difference Between Deferral and Accrual Adjustments Is

question 39

Multiple Choice

One major difference between deferral and accrual adjustments is:

• A)deferral adjustments involve previously recorded transactions and accruals involve previously unrecorded events.
• B)deferral adjustments are made after taxes and accrual adjustments are made before taxes.
• C)deferral adjustments are made annually and accrual adjustments are made monthly.
• D)deferral adjustments are influenced by estimates of future events and accrual adjustments are not.

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Definitions:

Major Term

In a syllogism, the predicate of the conclusion, which also appears in one of the premises.

Syllogism

A syllogism is a form of logical argument that applies deductive reasoning to arrive at a conclusion based on two propositions that are asserted or assumed to be true.

Family-Oriented Television Show

A television program designed to be watched by family members of all ages, typically focusing on themes that appeal to a broad audience and promote family values.

Mood

The emotional state or atmosphere that a work of art, piece of literature, or a particular situation evokes.