Which of the Following Statements Is True

question 35

Multiple Choice

Which of the following statements is true?

• A)Adjusting entries contain only balance sheet accounts.
• B)Adjusting entries contain only income statement accounts.
• C)Adjusting entries contains an income statement account and a balance sheet account.
• D)none of the answers listed.

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Definitions:

New Deal

An assortment of programs, infrastructure projects, economic reforms, and policies put into action by President Franklin D. Roosevelt in the 1930s in the United States, designed to facilitate recovery from the Great Depression.

Discriminatory Eligibility

Criteria or policies that unfairly exclude certain individuals or groups from qualifying for services, rights, or positions based on prejudiced distinctions.

Mexican-Americans

are Americans of full or partial Mexican descent, with a history that spans several generations in the United States, contributing significantly to the country’s culture and society.

Immigrants

Individuals who move from their country of origin to a foreign country to live, often seeking better living conditions, employment, or other opportunities.