Adjusting Entries That Reflect Events That Have Already Occurred but for Which

question 65

Multiple Choice

Adjusting entries that reflect events that have already occurred but for which no cash flow has taken place and not previously entered into the accounts are called

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

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Definitions:

Greater Emphasis

Placing more importance or stress on a particular aspect or element.

Consciousness

The state of being aware of and responsive to one's surroundings, thoughts, feelings, and sensations.

Firmly Crystallized

A condition or a state that has become solidified and unchangeable over time.

Middle Age

a period in human adulthood typically ranging from the early 40s to the mid-60s, characterized by increased self-awareness, stability, and facing of mortality.