Answer:
B) An understatement of assets and understatement of revenues
Explanation:
Accrued revenues are revenues that are earned but are still collectible.
That means the adjusting entry should have been:
<em>Debit</em> to Accounts Receivable <em>and</em>
<em>Credit</em> to Revenue
If the company failed to prepare this adjusting entry then the Accounts Receivable will not be recorded and thus will understate the Asset since Accounts Receivable is an Asset.
The same goes for revenue, if not recorded, will understate Revenue.
Answer: A bond's expiration date depends on the type of the bond and the state the bond is issued for. Some bonds expire a year from the issuance date. Some bonds have longer terms and might not expire for two, three, four or more years. Other bonds expire on a certain date regardless of when they were issued.
Explanation: Most commercial bonds are good for 1-3 years, but can vary depending on the bond type. Court bonds are effective for as long as is necessary, as determined by the court in whose jurisdiction the bond is issued.
Answer:
$20,000
Explanation:
Calculation for What amount should Valet report in its 2021 income statement for unrealized holding loss
Using this formula
2021 income statement for unrealized holding loss=Aggregate cost -Aggregate Fair value
Let plug in the formula
2021 income statement for unrealized holding loss=$ 180,000-$ 160,000
2021 income statement for unrealized holding loss=$20,000
Therefore the amount that Valet should report in its 2021 income statement for unrealized holding loss is $20,000
Answer:
E
Explanation
Multiple Unit Pricing is selling a product at a lower price than that of other products of the same categoryThis is true, in case of bulk orders.
A product is sold at a pre-decided price, which is equal or less than the maximum retail price or list price of the product.
Multiple Unit pricing is a pricing strategy which is used to push the sales of the product.
Kids in grade school have a maximum percentage of 32 reasons that Option (d) is the correct answer.
<h3>why are the grade-school-aged kids surveyed?</h3>
Korey did the market analysis section of his business plan after conducting a population survey of 3,520 homes within a 5-mile radius.
He discovered that younger children who read comic books as children are more likely to read them as adults, resulting in a current and future client base.
For more information about the market analysis survey, refer below
brainly.com/question/3886071
