Types of adjusting entries include deferral of unearned revenue, which requires the company to record a liability on the statement of financial position.

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This statement is true. Deferral of unearned revenue requires the company to record a liability on the statement of financial position, and adjusting entries are used to make these types of accounting adjustments at the end of a reporting period.

Types of Adjusting Entries Include Deferral of Unearned Revenue, Which