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:
please ask your question clear ly.
Answer:
<h3>The Statue of Liberty stands in Upper New York Bay, a universal symbol of freedom. Originally conceived as an emblem of the friendship between the people of France and the U.S. and a sign of their mutual desire for liberty, over the years the Statue has become much more. ... It represents the United States itself.</h3>
Answer: b. a system legitimated by the public but also protected from the possible dangers of the public’s power
The true statements about water in various regions are 3. I and III.
- I. Cold water is denser.
- III. Light water tends to reach the top.
<h3>What is true of cold water?</h3>
Cold water is said to be denser that warm water as a result of it having a lower volume.
Dense water will remain at the bottom which is why cold water remains at the bottom while light water will then reach the top.
Find out more on cold water density at brainly.com/question/11944692.
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