1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
11111nata11111 [884]
3 years ago
8

What effect will this adjustment have on the accounting records?

Business
1 answer:
12345 [234]3 years ago
6 0

Answer:

a.Increase Net Income

Explanation:

Unearned Revenue

The Accrual Principle requires Incomes and expenses to be recorded in the period they occur or incur.

Revenue not earned has not yet occurred and can not be recognized hence no effect on revenues reported for the period.

Fees earned

Fees earned represents increases in economic benefits from non primary activities of the company.

This has the overall effect of increasing Net income in the reporting period

You might be interested in
Which of the following is NOT a proactive hiring procedure? a. ​conducting background investigations on prospective employees b.
velikii [3]

Answer:

The correct answer is letter "D": ​instilling in employees a desire to develop ethical awareness and courage to do the right thing.

Explanation:

Proactive hiring procedures are practices performed by the <em>Human Resources (HR) Department</em> of a company by which prospective employees are contacted not necessarily when there is an opening in the company but to establish a relationship with those individuals.  

Thus, <em>​instilling in employees a desire to develop ethical awareness and courage to do the right thing is an activity developed when people are already hired in a firm</em>. Then, it is not part of proactive hiring.

6 0
2 years ago
Physician, veterinarian, and medical laboratory careers are all in the _____ Career Cluster. Government and Public Administratio
Olin [163]

Answer:

health science

Explanation:

took the test

7 0
2 years ago
The net profit margin ratio can mathematically be broken down as:______.
Helga [31]

Answer:

d. Tax impact x Capital structure impact x EBIT / Sales

Explanation:

The net profit margin ratio could be computed by dividing the net income from the sales and the net income is come when the expenses are deducted from revenues

Also the capital structure is the combination of equity, preferred stock, debt.

So mainly it is broken into tax impact, capital structure impact and net profit margin ratio

Therefore the option d is correct

4 0
2 years ago
Clarifying the issues of a problem is the _____ step in the problem solving process.
solmaris [256]

Answer:

hii there

The correct answer is option ( A )

8 Step Problem Solving Process

Step 1: Define the Problem. What is the problem?

Step 2: Clarify the Problem.

Step 3: Define the Goals.

Step 4: Identify Root Cause of the Problem.

Step 5: Develop Action Plan.

Step 6: Execute Action Plan.

Step 7: Evaluate the Results.

Step 8: Continuously Improve

Explanation:

Hope it helps

have a nice day

8 0
3 years ago
Terrance has just signed a contract with a bank to get a loan to buy a new house. What is TRUE about this contract? A. Both the
borishaifa [10]

Answer: C. Both parties now have an obligation to their agreement.

Explanation:

When parties get into a contract, they have a legal obligation to each other to fulfill their part of the agreement or the other party will be able to seek redress in a court of law.

Terrance and the bank are now parties to an agreement to provide Terrence with a loan to buy a house. The bank will have to fulfill this obligation by giving Terrence the loan and Terrence will fulfill his side of the agreement by making payments as stipulated in the loan covenant.

5 0
2 years ago
Other questions:
  • All of the following statements about the geography of meat production in the United States and Canada are true EXCEPT:
    7·1 answer
  • In preparation for developing its statement of cash flows for the year ended December 31, 2016, Millennium Solutions, Inc., coll
    7·1 answer
  • List the steps in the PACED decision-making process.
    9·1 answer
  • You are in the process of purchasing a new automobile that will cost you $27,500. The dealership is offering you either a $2500
    12·1 answer
  • After an intensive research and development effort, two methods for producing playing cards have been identified by the Turner C
    8·1 answer
  • Enterprise application vendors have created ________ to make their own customer relationship management, supply chain management
    7·1 answer
  • Chemical labels must contain a product identifier, signal word and a pictogram to represent the hazards. What other information
    15·2 answers
  • Your brother is starting 9th grade next year and is thinking about going to college.
    10·1 answer
  • e. The noneconomic effects of unemployment include a sense of failure created in parents and in their children the costs of movi
    12·1 answer
  • Pam is a partner in CRL Brokerage. Her liability is limited to the amount of money she has invested. What type of partner is Pam
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!