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Which of the following is a distinguishing characteristic of a deferral? Select one: A . It affects at least one liability account B . It
Which of the following is a distinguishing characteristic of a deferral?
Select one:
A
It affects at least one liability account
B
It includes the adjustment of an amount previously recorded in a balance sheet account
C
It increases a balance sheet account and decreases an income statement account
D
It always impacts the cash account
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