Which of the Following Statements Relating to Reversing Entries Is

question 29

Multiple Choice

Which of the following statements relating to reversing entries is correct?

• A) Reversing entries are always necessary.
• B) There are alternative ways of dealing with the effect of accruals in subsequent periods without using reversing entries.
• C) Reversing entries are never appropriate for deferral type entries.
• D) Depreciation is an adjustment that requires reversing in the subsequent period.

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Definitions:

Capital Punishment

The legally authorized killing of someone as punishment for a crime, often referred to as the death penalty.

Death Penalty

A legal punishment involving the execution of an individual by the state as retribution for a crime.

Morality Issue

A dilemma or situation that requires a choice between actions that are judged according to a system of ethics, right, and wrong.

Sufficiently Retributive

Adequately punishing or taking vengeance for wrongdoing in a manner that is considered just.