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.
Correct Answer:
Verified
Correct Answer:
Verified
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