Answer:
B) An understatement of assets and understatement of revenues
Explanation:
Accrued revenues are revenues that are earned but are still collectible.
That means the adjusting entry should have been:
<em>Debit</em> to Accounts Receivable <em>and</em>
<em>Credit</em> to Revenue
If the company failed to prepare this adjusting entry then the Accounts Receivable will not be recorded and thus will understate the Asset since Accounts Receivable is an Asset.
The same goes for revenue, if not recorded, will understate Revenue.
Answer:
C. $31.88 is the correct answer.
Explanation:
Solution :
1. Predetermined overhead rate
Fixed 
(253,000 / 22,000) = $ 11.5
Variable per direct labor-hour = $ 1
Predetermined overhead rate = $12.5
2. Total job cost $
Direct materials 703
Direct labor cost 317
Applied overhead (8 hours x $12.5 per direct labor hour) = 100
Total job cost = $ 1120
3. Charges = $ 1120 x 140%
= $1568
The one that was the cause of the passage of the Blaine amendments was :
Congress was not thoroughly prohibiting states from funding religious
schools.
As the part of separation of state and church, the amendment
was created to forbid direct government aid to educational institution
with religious affiliation, the program was considered a failure
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Answer:
The correct answer is: $1,000,000 (one million dollars).
Explanation:
The Real Estate Recovery fund is the poll of money collected to refund people who have been affected somehow by real state brokers or salespeople. Fraud, misrepresentation or deceit are considered for his purpose and it is given only when no benefit can be provided to the person affected after court. If the amount implied is greater than $1,000,000 (one million dollars) the Real Estate Recovery Fund is unable to provide any reimbursement aid.
