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aleksandr82 [10.1K]
3 years ago
14

If a company fails to adjust for accrued revenues:______. a. assets will be understated and revenues will be understated. b. lia

bilities will be understated and revenues will be understated. c. liabilities will be overstated and revenues will be understated. d. assets will be overstated and revenues will be understated.
Business
1 answer:
Anvisha [2.4K]3 years ago
3 0

Answer:

a. assets will be understated and revenues will be understated

Explanation:

Revenue accrued is recorded as follows :

Account Receivable (debit)

Sales Revenue (credit)

Thus omission of this adjustment would result in Assets (Accounts Receivables) being understated and Revenues being understated as well.

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Market competition is described as a:
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Survival of the fittest

Explanation:

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D is the correct answer.

Servant leaders can't lead if subordinates are not open to being guided.

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2 years ago
When an investigation shows that ill people have something in common to explain why they all got the same illness, the group of
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Outbreak

Explanation:

Outbreak has been defined as the sudden increase in occurence of a particular disease in a specific period of time and at a specific place. When people have something in common to explain why they all got thesame illness, it is called an outbreak. Any disease becomes an outbreak when it occurs in greater numbers than expected for a given region or community during a specified period of time or season.

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2 years ago
You have decided to buy a used car. The dealer has offered you two options: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use
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Answer:

$17,167

Explanation:

<em>The first step is to calculate amount of cash that would be charged</em>

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<em>Then</em>

<em>The present value of the payment options is =</em>

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2 years ago
Regina, a 25-year-old professional, wants to start an investment portfolio. What strategy may her financial advisor suggesta
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A.Start a moderate portfolio and shift to high risk later in life.

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Investment portfolio may be defined as the financial investments done by one. It is the collection or ownership of various assets and stocks, bonds, real estates, cash, etc.

In the context, Regina who is 25 year old wishes to start an investment plan. For this her financial advisor may suggest her to start her investment in a moderate portfolio and then later may shift to a high risk portfolio. This is because Regina is young and is new to investment. She is not experience enough to invest in high risk portfolio. When she gains knowledge about investments in her life then she can properly plan her investment in order to achieve maximum profit.

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