Which of the Following Statements Is Not True

question 97

Multiple Choice

Which of the following statements is not true?

• A) Adjusting entries affect the cash account.
• B) Adjustments to prepaid expenses and unearned revenues are deferral adjustments.
• C) Adjustments for accrued expenses and accrued revenues involve assets and liabilities that had not been previously recorded.
• D) Adjusting entries for depreciation of a recorded asset is a deferral adjustment.

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Definitions:

Rose Bush

A type of perennial plant that belongs to the genus Rosa, characterized by its woody stems, thorny branches, and delicate, often fragrant, flowers.

False Imprisonment

False imprisonment is an unlawful restraint of an individual's freedom of movement without consent or legal justification.

Refused to Pay

The act of not providing the agreed-upon amount of money for a service, product, or debt.

Police

Governmental agents authorized to enforce laws, maintain public order, and protect property and individual rights.