Not All Journal Entries Affect Cash Flow

question 33

Multiple Choice

Not all journal entries affect cash flow.Adjusting entries that reflect events that have already occurred,but have no effect on cash,are classified as

• A)accruals.
• B)deferrals.
• C)revaluations.
• D)corrections.

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Definitions:

Empirical Researchers

Individuals engaged in the systematic collection and analysis of data obtained through observation or experimentation to answer specific questions or test hypotheses.

Organizing

The management function that involves arranging resources and tasks to achieve objectives efficiently and effectively.

Entropy

A measure of disorder or randomness in a system, often associated with the second law of thermodynamics in physics.

Open Systems

A system is open or closed to the degree that it can exchange information and energy with its environment. A more open system can adapt to environmental changes.