When Determining the Adjusting Entries That May Be Needed

question 78

Multiple Choice

When determining the adjusting entries that may be needed:

• A) prepaid rent requires an accrual adjustment.
• B) a deferral is an adjustment for payment of an item in advance.
• C) a deferral is an adjustment for the receipt of cash after the service has been performed.
• D) unpaid salaries requires a deferral adjustment.

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Definitions:

Generalization

A broad statement or concept obtained by inferring from specific cases.

Subset

A part of a larger group of related things, where every member of the subset is also a member of the larger group.

Biased Poll

A survey that leads to skewed or unrepresentative results due to its design or the way questions are asked.

Unrepresentative Sample

A subset of a population that does not accurately reflect the demographics or characteristics of the whole population, leading to biased results.