Answer: D. Actuaries
Explanation: According to the investment advisers act of 1940, an investment adviser is any individual who is involved in the business of providing guidance to others with regards to investments and securities for a compensation. It is important that a person must meet the whole definition in order to be regarded as an investment adviser.
There are however, various exclusions to this definition. These people may coincidentally comply with the definition of an investment adviser, but are by law not an investment adviser. These include teachers, engineers, lawyers and accountants. Giving advice on investments are incidental to their profession and so this does not qualify them as investment adviser.
The answer I think is c because it’s most accurate to me
As pizza company sells three $100 gift cards at the beginning of the month, it should record a debit to <u>Cash</u> and credit to <u>Deferred Revenue</u> for $300.
<h3>What is a Cash account?</h3>
In accounting, the cash account may refer to a ledger in which all cash transactions are recorded. These cash account includes both the cash receipts journal and the cash payment journal.
<h3>What is a Deferred Revenue?</h3>
In accounting, the deferred revenue is a record of income received for a product or service that has yet to be delivered. It is also an unearned revenue that happens when a customer prepays a company for something.
Read more about journal entry
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Answer:
The equation remains balanced but there is a total increase of $ 3000 on both sides.
Explanation:
Cash is increased by earning a cash of $ 3000 and so is the revenue increased . Increase in the revenue means increase in the capital.
The total profit earned is added in the Capital.
The increase in the right hand side of the equation is equal to the increase in the left hand side of the equation.
Assets = Liabilities + Capital
Cash +Assets = Liabilities + Capital + Revenue
+ $ 3000 = + $ 3000
The equation remains balanced but there is a total increase of $ 3000 on both sides.
Answer:
Performing a horizontal Analysis
Explanation:
Particularly in the case of investigating fraud and error, horizontal changes are the most direct way of focusing on changes because rather than the vertical which looks at the change as a percentage of Sales or Total Assets, the horizontal looks at change in each item from period to period, and takes the change amount as a percentage of the initial year's amount. i.e (Year 2 amount - Year 1 amount) / Year 1 amount = % Change in item in consideration.