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laiz [17]
3 years ago
8

A law firm received $2,500 cash from a client for legal services to be rendered in the future. The full amount was credited to t

he liability account Unearned Service Revenue. If the legal services have been rendered as of the last day of the accounting period, but no adjusting entry is made, this would cause
a.expenses to be overstated.
b.net income to be overstated.
c.liabilities to be understated.
d.revenues to be understated.
Business
1 answer:
Savatey [412]3 years ago
5 0

Answer:

D.

Revenues to be understated

Explanation:

Understated amounts indicate a reported amount is not correct and the reported amount is less than the true amount.

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Ed logg is credited with the development of which of these games?
Kaylis [27]
I don't know if you have any options, but here is a list of games that Ed Logg is credited with the development of, and then based on that list you can answer your question:
Asteroids, Centipede, Gauntlet, Gauntlet II, Millipede, Rush, Rush 2: Extreme Racing USA, San Francisco Rush 2049, San Francisco Rush: Extreme Racing, and Xybots. 
4 0
3 years ago
Comparing each item on a financial statement with a total amount from the same statement is referred to as
Arada [10]

Answer: vertical analysis

Explanation:

Vertical analysis is when each item on a financial statement is compared with a total amount from the same statement.

Vertical analysis refers to a financial statement analysis method whereby each line item in a statement is listed as a percentage of the base figure. In such case, each amount in the income statement will then be restated as a percentage of sales.

8 0
3 years ago
A rapidly growing small firm does not have access to sufficient external financing to accommodate its planned growth. Discuss wh
monitta

Answer:

Alternatives :

1. Bank Overdraft facility

2.Suppliers Credit

Cost determination :

1. Bank Overdraft facility = Interest rate charged on the facility by the bank

2.Suppliers Credit = Opportunity cost of losing the early settlement discount.

Explanation:

If the company can not access sufficient external financing, consider internal sources such as bank overdraft or suppliers credit.

The cost of bank overdraft is evaluated based on the interest rate charged by the bank whilst the cost of the suppliers credit is determined by considering the opportunity cost of losing the cash discount available.

3 0
4 years ago
A.
Andre45 [30]

Answer: You will lose five hours of study time

Explanation:

Trade off simply refers to a situational decision that has to do with the loss of one thing in order to gain something else. It simply means compromising something for another thing.

To earn the most pay, the trade-off will simply be the five hours of study time that'll be lost. For one to increase the number of hours worked and earn most pay, there'll be a negative impact on the study hours used before.

6 0
3 years ago
Where can I find a bomber winter jacket In flushing
ollegr [7]
I would try Amazon or Ebay.

Is this a school question?
7 0
3 years ago
Read 2 more answers
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