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Given the following adjustment data, state whether the resulting adjustment will be a deferral or an accrual
-Performed services on account, payment to be received next month.
Bankruptcy Judges
Judicial officers who preside over court proceedings related to bankruptcy cases, determining the legal outcomes for debtors and creditors.
President
typically refers to the elected head of a republic, the leader of an organization, company, club, or other entity.
Chapter 13
A chapter under the United States Bankruptcy Code, allowing individuals earning a regular income to develop a plan to repay all or part of their debts.
Unsecured Creditor
A creditor who extended credit without requiring specific collateral, and thus ranks behind secured creditors in claiming repayment in the event of debtor insolvency.