In the mid to late 1920's, advertising BOOMED! More money was spent on advertising in the United States than on education. Companies were producing more advertisements than the number of students attending higher education or universities. This was also the time when credit (loans from banks) started to explode as well.
Answer:
C. is dedicated to helping U.S. business compete in the global marketplace
Explanation:
Answer: At the end of the fiscal year
Explanation: In simple words, adjusting entries refers to the entries that are made in the accounts at the end of the accounting for to recognize income and expenses that are not accurately recorded in the accounts.
These journal entries can only be made at the end of the year as the mistakes could only be identified after preparing and comparing all the statements relating to the company.
Answer: Amortization Expense; Patents
Explanation:
The entry to record the amortization of a patent would include a debit to the amortization expense and a credit to the patents.
The journal entry will be:
Debit Amortization expenses XX
Credit Patents XX
Therefore, the correct option is A.
Answer:
FTC: prohibits deceptive practices and provides information about choosing products
SEC: prohibits insider trading and regulates brokers and investment advisers
