1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
baherus [9]
3 years ago
9

Sheffield Corp. earned $2120 for architecture services provided with the fee to be paid in the future. No entry was made at the

time the service was provided. If the fee has not been paid by the end of the accounting period and no adjusting entry is made, this would cause:
a. net income to be overstated.
b. revenues to be overstated.
c. liabilities to be understated.
d. revenues to be understated.
Business
1 answer:
Kay [80]3 years ago
6 0

Answer:  If the fee has not been paid by the end of the accounting period and no adjusting entry is made, this would cause: "d. revenues to be understated.".

Explanation: The income would be underestimated because the income of $2120 that corresponds to the service provided in the accounting period, must be recognized in the accounting period in which the economic events occur regardless of when the income of the funds occurs (accrual principle).

You might be interested in
34. Teller Co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during May. Each box of til
kakasveta [241]

Answer:

budgeted  manufacturing overhead=$2871

Explanation:

Direct labour hours= budgeted production × standard hours per unit

                            = 870× 1/4 hour=217.5  hours

Direct labour cost =  217.5 ×    $12 =$2610

Manufacturing overhead = Overhead absorption rate × direct labour cost

                                       = 110%×2610 =2,871

Budgeted  manufacturing overhead=$2871

3 0
3 years ago
High and unexpected inflation has a greater cost
saw5 [17]

D. For savers in low income tax brackets than for savers in high income tax brackets.

3 0
3 years ago
Read 2 more answers
John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2018, John worked as a comp
balandron [24]

Answer:

Explanation:

The diagram and step by step solution to the answer can be seen in the attached image below

KINDLY NOTE: Self Employment tax (<u><em>which can be said to be a Medicare tax and Social Security paid by self-employed individuals. It is quite similar to the FICA and usually, they are withheld from an employee’s paycheck Medicare taxes and Social Security purposes.)</em></u> is not applicable to both and the AMT is less then the actual normal tax liability so AMT provision also not applicable.

4 0
3 years ago
You have determined you want to buy an advanced hybrid vehicle, and a visit to ford's website has revealed that the ford fusion
Gre4nikov [31]

The answer is<u> " Information search".</u>


The Buyer Decision Processes are the decision-making processes by customers with respect to a potential market exchange previously, amid, and after the buy of an item or administration.  

Information search is viewed as the second of five phases that contain the Consumer Decision Process. Amid this stage, a customer who perceives a particular issue or need will then likely be induced to scan for data, regardless of whether it be inside or remotely. This is additionally when the client expects to look for the incentive in a planned item or administration. Amid this time, the choices accessible to the shopper are recognized or additionally cleared up.

8 0
3 years ago
Match the following.
ira [324]

Answer:

1. Circulatory system

2.Microorganism

3. Microscope

4. Oxygen

5 0
3 years ago
Other questions:
  • If you were responsible for marketing communications at a company that manufactures office supplies and had to provide product l
    6·1 answer
  • Mr. and Mrs. Jelk file a joint return. They provide 65% of the financial support for David, the 14-year old son of a friend who
    8·1 answer
  • People who do not develop their thinking skills often ______________. select one:
    11·1 answer
  • Janet works as a senior software developer in a multinational it firm. she prefers to work as an individual contributor and volu
    9·1 answer
  • Baylaine is a company that sells affordable, low-end cell phones. Baylaine's customers can register product or service complaint
    12·1 answer
  • Fred is a new employee who has been assigned to your team. This is the first time Fred has worked in your country. Aware that he
    10·1 answer
  • For each of the following situations, select the best answer that applies to consolidating financial information subsequent to t
    13·1 answer
  • If he earns 5 percent on his money, how much must he deposit at the start of his studies to be able to withdraw $9,000 a year fo
    15·1 answer
  • What is the various nation income meature
    13·1 answer
  • QUESTION 1
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!