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  3. which of the following statements is not true? (a)

Which of the following statements is not true? (A) Adjustments to prepaid expenses and unearned...

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Accounting

Which of the following statements is not true?

(A) Adjustments to prepaid expenses and unearned revenues are deferral adjustments.

(b) Adjustments for wages and income taxes are normally accrual adjustments.

(c) Adjusting entries affect the cash account

(d)

Adjusting entries involve one income statement account and one balance sheet account.

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