Answer:
B.overstatement of assets and an overstatement of owners' equity.
Explanation:
To recognize depreciation expense,the entries required are
Debit depreciation expense
Credit Accumulated depreciation
The accumulated depreciation is a credit balance in the fixed asset account. Depreciation is also an expense that reduces net income and thus reduces the owners equity.
Hence an mission of the adjusting entry to record depreciation expense will result in an overstatement of assets and an overstatement of owners' equity.
Answer:
Answer is option A i.e. hybrid combination.
Explanation:
A hybrid combination organizational structure can be that is basically the combinations of two or more structures. This is due to the reason that the organization might have a dynamic work environment where people from diversified backgrounds come along to work together.
Answer:
Abbot makes a savings of $74,000 in the current year.
Review full presentation of answers in the attaches
Explanation:
It should be noted that the three range of the aggregate supply curve will be the Keynesian, intermediate, and the Classical range.
The aggregate supply curve simply means the quantity of real gross domestic product that is supplied by an economy at different price levels.
The three ranges of the aggregate supply curve are the Keynesian, intermediate, and Classical ranges. In the Classical range, the economy is producing at full employment.
Typically, an increase in aggregate demand (AD) will lead to a rise in the price of the goods that are supplied.
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