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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

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All IRS-certified volunteer preparers participating in the VITA/TCE programs must use Form 13614-C along with an effective inter
katen-ka-za [31]

Answer: True

Explanation:

It is required that all volunteers preparing to participate in the VITA/TCE programs must use Form 13614-C along with an effective interview for every return prepared at the site. This is a major requirement, if not they won't participate or partake in the program.

6 0
3 years ago
Capital<br> 4. Cash flows from Operating Activities +<br> Activities Net increase/decrease in cash
posledela

If the balance of an asset increases, coins glide from operations will decrease. If the balance of an asset decreases, cash drift from operations will boom. If the balance of a legal responsibility increases, coins waft from operations will grow.

If the balance of a liability decreases, coins waft from operations will decrease. the lowest line at the assertion is the internet boom (lower) in cash and cash Equivalents. it's determined by using calculating the whole cash inflows and outflows for every one of the three sections in the cash go with the flow assertion.

Four simple rules to bear in mind as you create your coins go with the flow announcement: Transactions that display a boom in property bring about decrease a in cash go with the flow. Transactions that show a lower in belongings result in a boom in coin flow. Transactions that display a boom in liabilities bring about an in increases coins float.

Learn more about  increase/decrease here:

brainly.com/question/11537235

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6 0
2 years ago
Which advantages of small business helped mary ellen sheets establish and grow two men and a truck? 2. which disadvantages of sm
Lana71 [14]

<u>Solution:</u>

1. Two men and a truck have an advantage of making their workers comply with the Grandma Law, which demonstrates respect and compassion for their clients. It welcomed new buyers, retained the faithfulness of current customers and made the company's own identity distinctive. The freedom of Two People and a Truck was another plus.

Two men and a truck were using the unsegmented approach to the market that many small companies have to or plan to do. This was based in its business or division on any consumer.

The marketing technique used was the conventional and modern internet and social media marketing method, PR&D and the news media.

2.  A) a lack of venture value: because they were a very small enterprise that used to carry their operations out, most customers had lost confidence or a value in their funding, believing their concept of selling franchises was not a successful one.

b) Failure to have sufficient funding: Originally, as this business started to expand rapidly, it emerged as a money-making workplace; a big concern was the shortage of investment resources.

Suggestions for addressing this were: using alternate funding strategies such as retained profits, bank loans, and so on.

3.  Two men and a truck should sell concessions outside North America. That is a smart idea. It is because since developing the organization, it is clear that it knows its strong fields, which it will use to develop a stable presence on the world market, with some 300 franchises in North America. Furthermore, this packaging and shipping company's business model is something essential and recognizable in the world.

Global franchises are more likely to question the organization if it is willing to adapt or deviate its strategies in order to suit the consumer market in a different country with a particular philosophy from the North American community, its corporate social management programs, its goals and its organizational ethics.

8 0
3 years ago
According to PMI’s "Code of Ethics and Professional Conduct", project managers should exhibit all of the following behaviors EXC
Harrizon [31]

Answer:

The correct answer is letter "C": authority - exert economic and political power .

Explanation:

The Project Management Institute (PMI) establishes in its "<em>Code of Ethics and Professional Conduct" </em>that there are four milestones important to consider for every project manager: <u><em>honesty</em></u><em>, </em><u><em>responsibility</em></u><em>, </em><u><em>respect</em></u><em>, </em>and<em> </em><u><em>fairness</em></u>. According to the PMI, those values drive not only the ethical life in the managerial but the real world, where the best outcome is the most ethical.

In that sense, "<em>authority</em>" has nothing to do with the PMI's Code of Ethics.

5 0
3 years ago
Generally, the most effective way to use texture when decorating a room is by
vichka [17]
C. selecting one texture only for use throughout the room.

Generally, the most effective way to use texture when decorating a room is by <span>electing one texture only for use throughout the room. This allows having a coherence in the room, pleasing the eyes and in general having a nice esthetic view of the room.</span>
7 0
3 years ago
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