Which of the Following Is NOT a Correct Statement About

question 123

Multiple Choice

Which of the following is NOT a correct statement about adjusting entries?

• A) Every adjusting entry affects cash.
• B) Every adjusting entry affects the balance sheet.
• C) Every adjusting entry affects net income.
• D) Every adjusting entry must balance.

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Definitions:

Therapeutic Community

A structured environment where individuals support one another in recovery or rehabilitation, using the community itself as a key agent of change.

Core Concept

A fundamental idea or principle that serves as the foundation for a system, theory, or belief.

Bystander Effect

A social psychological phenomenon where individuals are less likely to offer help to a victim when other people are present, often due to a diffusion of responsibility.

Emergency Situation

An unexpected and often dangerous situation that requires immediate action.