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Oksana_A [137]
4 years ago
8

If the adjustment for accrued expenses is not recorded a.net income will be understated. b.revenues will be understated. c.net i

ncome will be overstated. d.expenses will be overstated.
Business
2 answers:
Papessa [141]4 years ago
6 0

Answer:

The correct option is C

Explanation:

Accrued expenses is an accounting term that refers to an expense that is recognized on the books before it has been paid. So if accrued expenses are not recorded the business net income will be overstated.

Vaselesa [24]4 years ago
5 0

Answer:

Explanation: An accrued expense can be simply defined as an expense that was incurred but not yet paid or recorded. The following effect will reflect on a company's financial statement if the company fails to adjust for accrued expenses: its expenses will be understated and net income and stockholders' equity will be overstated. The net income will be overstated since the accrued expense is not recorded. Unrecorded accrued expense also means that the corresponding expense is not recorded and properly deducted from net income leading to overstatement of the net income.

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A company had the following partial list of account balances at year-end: Sales Returns and Allowances $ 1,000 Accounts Receivab
ArbitrLikvidat [17]

Answer:

$91,900

Explanation:

The computation of net sales revenue is shown below:-

Here, for reaching the net sales revenue we add the sales revenue and deduct the sales return and allowances with sales discounts

Net sales revenue = Sales Revenue - Sales Returns and Allowances - Sales Discounts

= $95,000 - $1,000 - $2,100

= $91,900

Therefore we have applied the above formula.

4 0
3 years ago
There are three
Lana71 [14]

The correct alternative is letter C. Inflation control. This is the first strategy to control the currency in the economy, being one of the main objectives of monetary policy in a country.

<h3 /><h3>What is monetary policy?</h3>

It is the set of governmental strategies and actions to interfere in the investment market and in the consumption power of citizens, through the control of the basic interest rate of the economy, which is an instrument capable of influencing the value of a currency and the prices of goods. consumption, thus generating a control over inflation in search of economic balance in a country.

Therefore, controlling inflation is a short-term measure that generates a series of impacts on an economy, such as fiscal and monetary contraction measures, such as increasing taxes and reducing public spending.

Find out more about monetary police here:

brainly.com/question/13926715

#SPJ1

8 0
2 years ago
What are new guidelines issued by GAAP for consolidating entities
Brut [27]
Consolidation Rules Under GAAP

The general rule requires consolidation of financial statements when one company’s ownership interest in a business provides it with A MAJORITY OF the voting power- meaning it controls more then 50% of the voting shares
6 0
3 years ago
Steve sells his home to Srivani and ends up with a producer surplus of $100,000. Srivani has a consumer surplus of $1,000 from t
amid [387]

Answer:

Both parties experience surplus, but there is inequity because Steve has a much larger producer surplus

Explanation:

The options to this question wasn't provided. Here are the options : Both parties experience surplus, but there is inequity because Steve has a much larger producer surplus. Both parties experience surplus, so the transaction was equitable. Only Steve benefits from the sale. Srivani will not be happy with her purchase.

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Producer surplus is the difference between the price of a good and the least amount the seller is willing to sell his good.

While both parties earn a surplus, the producer surplus exceeds the consumer surplus . Therefore, the seller benefited more from the trade than the consumer.

I hope my answer helps you

3 0
3 years ago
Tighter regulations regarding vaccine production and the resultant lower costs and risks of development of vaccines have contrib
Andreas93 [3]

Answer:

False

Explanation:

The rules and regulations set for vaccine production and it result to lower costs of the does not contribute to shorted of vaccines, rather the tightened regulations helps in the production of more vaccines, at a cheaper or lower prices, and also makes it available for many instead of having shortage in the supply. So it is false.

7 0
3 years ago
Read 2 more answers
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