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).
The false statement is The "Beltway mentality" is a desired goal of every presidential administration.
<h3>What is Beltway Mentality?</h3>
Beltway Mentality refers to the the American idiom which means to fulfill the needs and the desire of the specific group rather than considering the general population.
The complete question is attached below.
Thus the statement beltway mentality isn't the goal of the presidential administration. The president thinks about the population rather than the any corporate media or any other group. Thus the statement is false.
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Five factors that spurred industrial growth in the late 1800's are Abundant natural resources (coal, iron, oil); Abundant labor supply; Railroads; Labor saving technological advances (new patents) and Pro-Business government policies. Several factors led to the rise of U.S. industrialization in the late 1800's.
Serve the function of advocating social justice. This concept was born from the need to provide social equity; all must have social equity, labor, economic and health opportunities. Governments are responsible entities to provide social justice.
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During this time humans used stone to make tools and stone was used many times as part of the actual tool. Tools are objects that make our lives easier. A computer or smart phone are examples of modern-day tools. Paleolithic is a word that comes from the two Greek words palaios, meaning old, and lithos, meaning stone.
