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).
Fiat money is the term used to refer to money that has value because the government has declared that it is an acceptance means to pay debts.
Example of fiat money are paper money and coins with "this note is legal tender for all debts private and public."
president abraham lincoln, reply to emancipation memorial presented by chicago christians of all denominations, 1862 the key concern that the excerpt was designed to address was the: Race and Equality
<h3>
What is Race and Equality?</h3>
Racial equality refers to a scenario in which individuals of all races and ethnicities are treated equally, regardless of any differences in physical characteristics. When organizations grant people their legal, moral, and political rights, racial equality results. Race equality is still becoming into the norm in modern Western culture.
Prior to the early 1960s, it was challenging for African, Asian, and Native Americans to achieve equality. Racial equality has since been codified into many other nations' laws, ensuring that all people have access to the same possibilities in terms of treatment, education, work, and other facets of life. From 1861 to 1865, the Civil War, the bloodiest and most painful conflict in American history, was waged. By 1860 one in three persons in the Southern States belonged to another.
to learn more about Race and Equality from the given link:
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Answer:Psychological distress
Explanation:
Psychological distress explains that feeling of unpleasantness that even affect our normal daily functioning.
We feel a very intense feeling of discomfort and affect us emotionally.
It may start to make us feel negative about everything around us. It is accompanied by sadness ,anxiety and some mental issues.
The intensity differs from one situation to another and it any also depend on how we handle each situation.
Causes of Psychological Distress
Major life changing and traumatic events event such as an unexpected death of a very closed relative.
Smit can also result from everyday stressful situations such being in a traffic ,trying to balance work life and personal life.
Answer:
negative consumer incentive - price increases
positive producer incentive - makeing more money
positive consumer incentive - sale prices
negative producer incentive - high manufacturing costs
