The Biggest Distinction Between Accruals and Deferrals Is

question 96

Multiple Choice

The biggest distinction between accruals and deferrals is

• A)one emphasizes conservatism while the other promotes aggressive accounting positions.
• B)how long a company must wait until the collection of cash occurs.
• C)with accruals, no record of the activity has been made prior to the adjustment process, and with deferrals, the activity has already been recorded in the accounting records, but the proper amount of revenue or expense has not been recognized.
• D)adjustments are necessary for accruals, whereas, adjustments are not necessary for deferrals.

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Definitions:

Rape

An act of sexual intercourse carried out against a person's will or without their consent, often using force, threats, or manipulation.

Sexual Scripts

Socially learned behaviors and pathways that guide sexual interactions and expectations in a cultural context.

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A legal term for forced sexual contact that does not necessarily include penile-vaginal intercourse.

Power

The ability or capacity to influence the behavior of others, the course of events, or the outcome of decisions, often analyzed in social, political, and personal contexts.