Adjustments Would Not Be Necessary If Financial Statements Were Prepared

question 185

Multiple Choice

Adjustments would not be necessary if financial statements were prepared to reflect net income from

• A) monthly operations.
• B) fiscal year operations.
• C) interim operations.
• D) lifetime operations.

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Definitions:

Semantics

The branch of linguistics and logic concerned with meaning, including the ways in which words and sentences convey meaning.

Accommodation Strategy

A conflict resolution method where one party gives in to the wishes or demands of another, often used to preserve harmony.

Alienates

Causes someone to feel isolated or estranged from others or a group.

Discourages

Actions or factors that reduce motivation or inclination towards a certain behavior or action.