Which Statement Is Not Correct

question 118

Multiple Choice

Which statement is not correct?

• A)The balance sheet accumulates accruals and deferrals required by accrual accounting.
• B)Financial statements under cash accounting are less complicated than those under accrual accounting.
• C)The cash flow statement reports accounting performance under accrual accounting.
• D)Financial statements under accrual accounting are more time consuming to prepare than those under cash accounting.

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Definitions:

Cortisol

A steroid hormone released by the adrenal glands in response to stress or low blood-glucose concentration, playing an important role in metabolism and the body's stress response.

Norepinephrine

Norepinephrine acts as a critical chemical messenger in the nervous system, playing a key role in enhancing alertness, attention, and response to stress.

Hippocampus

A region of the brain associated with memory formation, navigation, and the emotional response.

Posttraumatic Stress

A mental health condition triggered by experiencing or witnessing a terrifying event, characterized by flashbacks, nightmares, severe anxiety, and uncontrollable thoughts about the event.