Answer:
a) Fees earned (or revenues) will be understated. Net income will be understated.
b) Accounts (fees) receivable (or assets) will be understated. Owner’s equity will
be understated.
Explanation:
Adjusting entries refers to the entries that are made at the end of an accounting period in accordance with revenue recognition, principle and expense recognition principle.
All adjusting entries affect at least one income statement account (revenue or expense), and one statement of position account (asset or liability).
The most common underlying reason is “Chronic Pain”.
Base on the question that asks on which of the following choices is the best quotes that best reflects the principle of popular sovereignty in the declaration of independence, i think the choices are lacking, on my research, the answer is "<span>He has refused for a long time, after such dissolutions, to cause others to be elected</span>"
Answer: Option(b) is correct
Explanation:
According to the concept of Malthus and Marx , they had different opinions and ideas for source of poverty , misery, overpopulation and other social aspect in society. Malthus believed that poverty and low food supply, hunger are caused by overpopulation and Marx stated that these situations are result of capitalist economy.
Other options are incorrect because theories generation by combining, didn't have similar beliefs and did not concern severeness in issue of overpopulation, social poverty etc.Thus, the correct option is option(b).
