Answer:
A problem can be personal or emotional.
Explanation:
It can be difficult to identify a problem because it can be personal or emotional. For example, your brain may force out certain thoughts that may harm you. Therefore, it can be very hard or impossible to identify and emotional or personal problem.
A government with a king or queen ruling over the area, and making most of the economic decisions along with members of the royal court, is known as a Monarchy.
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).