Adjusting Entries Are

question 40

Multiple Choice

Adjusting entries are

• A) not necessary if the accounting system is operating properly.
• B) usually required before financial statements are prepared.
• C) made whenever management desires to change an account balance.
• D) made to statement of financial position accounts only.

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Definitions:

Fossil Evidence

Refers to physical remnants or imprints of organisms from past geological ages, preserved in rocks and sediments, which provide insights into historical biological life and evolutionary processes.

Bipedalism

A special form of locomotion on two feet found in humans and their ancestors.

Locomotion

The capacity or act of moving from one place to another, utilizing various bodily movements across different species.

Hominoid Fossil

A fossil belonging to the Hominidae family, which includes modern humans, their direct ancestors, and other close relatives.