Major difference between deferral and accrual adjustments

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One major difference between deferral and accrual adjustments is?

deferral adjustments are influenced by estimates of future events and accrual adjustments are not.

deferral adjustments are made after taxes and accrual adjustments are made before taxes.

deferral adjustments are made annually and accrual adjustments are made monthly.

deferral adjustments involve previously recorded transactions and accruals involve previously unrecorded events.

Reference no: EM13750361

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