Cash flow statement
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Answer:
overstated
Explanation:
Adjusting entry is a term used in the accounting process, which describes journal entries usually carried out at the end of an accounting period to assign income and expenditure to the period in which they actually happened.
However, the journal entry to identify a deferred revenue is to debit or increase cash and credit or increase a deposit or another liability account.
Hence, Failure to record the adjusting entry for deferred revenue now earned causes liabilities on the balance sheet to be what OVERSTATED
Answer:
The correct answer is option c.
Explanation:
The variable costs are the cost incurred on the variable factors of production. The fixed costs are the costs incurred on the fixed factors.
In the short run, there are certain factors that are fixed and others that are variable. So in the short run, some costs are fixed and others are variable.
But in the long run, there is enough time for all the factors to be changed. So all the factors are variable and cost incurred on these variables is also variable.
So we can say that in the long run, there are no fixed costs.
To be honest with chu buddy this ain't even an answer but this mf app wangs me to help ppl when I can't even help my self
Answer:
c. Home experienced an improvement in cellular phone-making technology.
Explanation:
It is the improvement recorded in its technology for phone-making that gave rise to the improved production of cellular phones from last year's 1050 phones to this year's 2000 cellular phones. This shows an improved productivity of about 90%. Home did not witness similar improvement in the production of pears as the quantity produced last year was also produced in the current year.