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:
by first allowing there to be excess food supply. With extra food it caused a higher population, which then turned into people being able to trade in goods.Explanation:
The answer to the question about why would nationalism lead to intolerance and persecution of other ethnic or national groups is explained below.
Explanation:
When a nation promotes its own interests, over the interests of other nations, it is called as nationalism. Nationalism creates a feeling of inferiority within the minorities of a country, which may lead to intolerance among them.
Countries usually contain diverse group of people, who are from different backgrounds, ethnicity, etc. Large group of people in a country or region creates pride among them of their sharing of common heritage, history, backgrounds, ethnicity, etc. This thing may leave many minorities alone and make them feel inferior in the same region or country, which would no doubt lead to intolerance among them.
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