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).
Answer:
Social justice can help to fight social challenges by providing society with equal opportunities to overcome its problems.
Explanation:
Answer:
Nelson Mandela was the first black president
Explanation:
Answer:
Chief information officer
Explanation:
The Chief Information Officer is responsible for ensuring that individual and organizational information systems are reliable, secure, efficient, and supportable. The duties of the CIO also includes;
1. developing and maintaining information security policies, procedures, and control techniques to address all applicable requirements,
2. overseeing personnel with significant responsibilities for information security and ensuring that the personnel are adequately trained
3. Ensuring that the organization-wide information security program is effectively implemented.
Answer:
Yes, it would import wool
Explanation:
Autarka will import wool from the neighboring country because the country has a comparative advantage in the production of wool and hence wool from the country will be cheaper than what is obtainable in Autarka, Autarka should concentrate in the production of a good they have comparative advantage over the neighboring country in producing and export such good to the neighboring country and import wool.
