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Adjusting entries are either accruals or deferrals. In a deferral the cash flow: Occurs after the expense recognition Occurs before the expense recognition None of

Adjusting entries are either accruals or deferrals. In a deferral the cash flow:

Occurs after the expense recognitionOccurs before the expense recognitionNone of the aboveIs irrelevant since the cash flow means nothing in the accrual modelOccurs by definition the same time as the expense recognition

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