Answer:
The objectives of the AU are the following: To achieve greater unity, cohesion and solidarity between the African countries and African nations. To defend the sovereignty, territorial integrity and independence of its Member States. To accelerate the political and social-economic integration of the continent.
Answer:
English colonies in North America were business ventures. They provided an outlet for England's surplus population and (in some cases) more religious freedom than England did, but their primary purpose was to make money for their sponsors.
Explanation:
Answer:
Type of Adjusment - Status of accounts before adjustment
- Prepaid Expense – Asset Overstated
- Accrued Revenue – Asset Understated
- Accrued Expense – Expense Understated
- Unearned Revenue - Liability Overstated
Explanation:
1. Prepaid Expenses: These expenses paid in advance are considered as an Asset, so they give the right to enjoy a service equivalent to the amount paid in advance. This account is of debtor origin, are debited when an expense is paid in advance, they are credited when the expense paid in advance is consumed.
2. Accrued revenues: income that has been obtained but that at the end of the accounting period has not been collected. The principle is to apply and account for the income from the moment of commitment and consider an inflow of funds for accounting purposes even if it has not been collected.
3. Accrued expenses payable are items of expenditure that have not been recorded or paid and that represent a liability at the end of the period in which it was incurred
4. Unearned Revenue is an unearned service income is an obligation, it is recognized as a current liability.
<em>The understated amounts</em><em> indicate a reported amount as having a lesser balance that it actually does.</em><em> </em><em>On the other hand, </em><em>an overstated amount </em><em>indicates a reported amount as having a bigger balance than actually does
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