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:
I think it's enforcing laws
If the Ferrets should go ahead to sign the young players they would be making a trade off between the superstar that can win the league and the 3 players.
<h3>What is a trade-off?</h3>
A trade off can be described to be the sacrifices that are made when a person decides to forego buying a good in order to purchase another good.
The team here would be foregoing having a superstar that can help them win the league for the three players that they went on to sign.
Read more on tradeoffs here:
brainly.com/question/13760478
Aaron showed signs of separation anxiety and emotional attachment from and with his mother.
