Adjusting Entries Are Needed

question 102

Multiple Choice

Adjusting entries are needed

• A) every time cash is received.
• B) every time financial statements are prepared.
• C) every time expenses are incurred or revenue is performed.
• D) never if you are reporting on an annual basis.

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Definitions:

Value Of Y

A representation of the numerical or computed value associated with the variable Y in an equation or function.

Conditional Operator

A ternary operator in programming that evaluates a condition and returns one of two values depending on whether the condition is true or false.

Arguments

Values passed to a function or method when it is called, which are used within the function to perform operations or calculations.

Switch Statement

A control statement in programming that allows the execution of different parts of code based on the value of a variable.