Answer:
Undisclosed dual agency
Explanation:
Undisclosed dual agency
Undisclosed dual agency is a dual agency relationship that is not disclosed and agreed to in writing. When sucn an incident occurs, the agent has breached his or her fiduciary responsibilities to the client, which happens to be illegal in some places it should be agreed then it is make legal by such an act.
Personal finance is a subject that focuses on the investments and cash flow of an individual person. Personal finance helps people achieve long term financial stability. It often covers the areas of taxation, investments, retirement savings, and insurance.
Answer:
The answer is letter A.
Explanation:
No, the parties expected the hardship and provided for it in their contract.
Answer:
a) Net income is overstated
Explanation:
As we already know that
To record the accrued wages, the journal entry is
Wages expense XXXXX
To wages payable XXXXX
(Being the wages expense is recorded)
This entry indicates the increases in expenses and decrease in net income but if this entry is not made or forgot to make than the condition would be reverse i.e expenses understated and net income overstated. On the other side, the liabilities are overstated i.e liabilities understated in case the entry is not made