The trade value was $1.1 trillion.
Answer:
a) Fees earned (or revenues) will be understated. Net income will be understated.
b) Accounts (fees) receivable (or assets) will be understated. Owner’s equity will
be understated.
Explanation:
Adjusting entries refers to the entries that are made at the end of an accounting period in accordance with revenue recognition, principle and expense recognition principle.
All adjusting entries affect at least one income statement account (revenue or expense), and one statement of position account (asset or liability).
Answer: Dividends are profits of a company after taxation that is distributed among share holders of that company
Explanation:
Dividends is the distribution of profits in a company after taxation to its shareholders according to their number/percentage of share.
Answer:Slippery Slope fallacies
Explanation:
Slippery Slope: a slippery slope is based on rejecting a series of action without sufficient evidence or with no evidence that they will cause a series of unfortunate or undesirable ends.
So one accepts before something happens that particular actions or situations are bound to create a very prolematic future. One accepts that the future is doomed without even evidence that these recent series of action will bring that.
"The more people that come here, the more our government will have to provide for them. The more our government doles out, the further in debt our nation will become, and this means the higher our taxes will become! The next thing we will find is that our economy will be in just as poor a condition as the one from which these immigrants came! These are the events that has not been fully proven but there at assumptions that as they are listed they may cause a very negative outcome.
