Answer:
D. Both B and C
Explanation:
Based on the information provided within the question it can be said that you must go to The Building Codes and Building Officials Conference of America. This is where every company must go in order receive the guidelines of the materials that are approved by the government for all development procedures including construction, electrical wiring etc.
Answer:
Expenses will be understated, hence, Net Income will be overstated.
Rent prepaid will be overstated, hence, current assets will be overstated.
Explanation:
Ordinarily, rent prepaid is meant to be credited every month to the tune of the the value that has been consumed and then added to period expenses to reduce net income.
In the statement of Financial Position, the same amount that has been consumed should be used to reduce balance in rent prepaid account, otherwise, current assets will be overstated if no adjustment is made.
Answer: COUNTERCLAIM
Explanation: Counterclaim is a term mainly used in legal matters,to refer to claim allegedly made by a defendant against the claims of an apellant. The issues concerning Loren and Mabel is a case of Counterclaim.
Counterclaim puts both persons involved in the suit in the same level,as the Court will have to review both claims and determine who is at fault or guilty and the level of Compensation required by either or both of the parties.
