Answer:
A student neglects to do homework while chatting with friends.
Explanation:
Answer:
Net income: Understated
Total assets: Understated
Total liabilities: No effect
Total stockholders' equity: No Impact
Explanation:
Net income will be understated, because, revenue was not accrued.
Total assets will also be understated, because accrued revenue is not recorded in the current assets, thus total assets will be lowered in total.
<span>In the financial industry, "securitization" refers to bundling debt, such as loans, bonds and mortgages into securities. In finance, a security is a tradable asset. They are debt securities such as bonds and then there are equity securities such as stocks. Bundling debt keeps everything organized and streamlined for people to know what they need to pay down. </span>
Answer:
b. is more meaningful if compared to other financial information
Explanation:
The financial statements includes the income statement, balance sheet, cash flow statement, etc
The analyzing of the financial statements of a company determines the current position of the company with respect to the profitability, performance, liquidity, etc
So, the single item of the financial statement should be more important as compared to the other financial information
