The answer to that question is letter D. hope this helps
Answer:
c. Net income will be overstated for the current year.
Explanation:
Depreciation is defined as the reduction in the value of an asset over the period of it's useful life.
The deductions are calculated and taken out of the asset value on the balance sheet.
The adjusting entry for depreciation at the end of year is a debit to Depreciation Expense and a credit to Accumulated depreciation.
If this entry is no passed it means that Depreciation Expense is not recognised for that year.
Net income will be overstated because generally expenses will be understated.
Answer:
The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures.
Answer:
Financing cash flows will be as follows;
Explanation:
Stocks $11,000
Loan $16,000
Dividends paid ($1,100)
Cashflows from financing activities $25,900
The salaries paid and service revenues received are shown in operating activities, therefore they are not shown in financing activities of cash flow statement.
The investments by governments with surplus cash flows worry trade experts as it leads to government gaining control of natural resources.
<h3>What is an investment?</h3>
It should be noted that an investment simply means a way to creating further revenue by the investor.
In this case, the investments by governments with surplus cash flows worry trade experts as it leads to government gaining control of natural resources.
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