One Major Difference Between Deferral and Accrual Adjustments Is

question 35

Multiple Choice

One major difference between deferral and accrual adjustments is:

• A)accrual adjustments are influenced by estimates of future events and deferral adjustments are not.
• B)deferral adjustments are made before taxes and accrual adjustments are made after taxes.
• C)deferral adjustments are made monthly and accrual adjustments are made annually.
• D)accounts affected by an accrual adjustment always go in the same direction (i.e.,both accounts are increased or both accounts are decreased)and accounts affected by a deferral adjustment always go in opposite directions.

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Definitions:

Repression

A defense mechanism proposed by Freud, which involuntarily pushes threatening or disturbing thoughts out of conscious awareness.

Source Amnesia

A memory disorder in which someone can remember certain information but is unable to recall where, when, or how that information was acquired.

Proactive Interference

The phenomenon where old memories inhibit the capacity to remember new information.

Retrieval Cues

Stimuli or prompts that aid the recall of information stored in memory.