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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

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.

(d)

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

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