Adjusting Journal Entries Are Made at the End of the Period

Multiple Choice

Adjusting journal entries are made at the end of the period when

A) The cash basis of accounting is used for all accounting periods.
B) Cash receipts and payments occur before or after the point in time when revenues and expenses should be recognized under the accrual basis of accounting.
C) Management reports its adjustments on the statement of cash flows.
D) The company reports revenue in the same period cash is collected.