Which of the Following Is Not a True Statement

question 58

Multiple Choice

Which of the following is not a true statement?

• A) When making an adjustment to recognize supplies used in a period, total assets will not change.
• B) Accrued wages are wages owed but not paid to employees and will need to be recorded with an adjusting entry that will increase expenses.
• C) Deferrals are created by recording a transaction so that it delays or defers the recognition of an expense or a revenue.
• D) Depreciation is an example of a deferred expense.

---

Definitions:

Reefer Units

Refrigeration units used in transportation, specifically designed to control the temperature of perishable goods in containers or trailers during shipping.

Btus

British Thermal Units, a unit of heat used to describe the power of heating and cooling systems, such as air conditioners and furnaces.

Joules

A unit of energy in the International System of Units (SI), equivalent to the work done by a force of one newton acting over a distance of one meter.

Laminated Oak

Wood made from layers of oak that are bonded together, often used for its strength and aesthetics in flooring and furniture.