With regard to adjusting entries typically originating from the controller's office, which of the following statements is / are TRUE? Select all that apply.

		Accruals reflect events that have been recognized in the general ledger but for which cash has not been received or disbursed, such as wages payable.
		Deferrals reflect the differences between actual and recorded asset values, such as a change in method used to value inventory.
		Accruals reflect a portion of expenses expected to occur over a number of accounting periods, such as depreciation or bad-debt expenses.
		Deferrals reflect the exchange of cash prior to performance of the related event, such as advance payments from customers.