Adjusting Entries Are Often Made Because Some Business Events Are

question 106

True/False

Adjusting entries are often made because some business events are not recorded as they occur.

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Definitions:

ADR

Alternative Dispute Resolution, a range of processes that help parties resolve disputes without traditional litigation.

Litigation

The process of taking legal action in court to resolve a dispute.

Adversarial

Describes a legal system or process where two opposing parties present their arguments to an impartial judge or jury.

Settlement Agreement

A legal agreement that resolves a dispute between two parties without the need for a trial.