1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dmitriy789 [7]
3 years ago
8

Failure to accrue interest expense results in A. an overstatement of net income and an understatement of liabilities. B. an unde

rstatement of net income and an overstatement of liabilities. C. an overstatement of net income and an overstatement of liabilities. D. an understatement of net income and an understatement of liabilities.
Business
1 answer:
Simora [160]3 years ago
5 0

Answer:

A. an overstatement of net income and an understatement of liabilities.

Explanation:

You might be interested in
At the end of the fiscal year, the usual adjusting entry for depreciation on equipment was omitted. Which of the following state
Anton [14]

Answer:

c. Net income will be overstated for the current year.

Explanation:

Depreciation is defined as the reduction in the value of an asset over the period of it's useful life.

The deductions are calculated and taken out of the asset value on the balance sheet.

The adjusting entry for depreciation at the end of year is a debit to Depreciation Expense and a credit to Accumulated depreciation.

If this entry is no passed it means that Depreciation Expense is not recognised for that year.

Net income will be overstated because generally expenses will be understated.

5 0
2 years ago
An example of this operating expense is checkout counters.
ollegr [7]
Im pretty sure its 2) Fixtures

Sorry if its wrong
7 0
3 years ago
Read 2 more answers
Suppose that you were born in 1998. also, suppose that your mother received a $100 baby shower gift at your birth. how much woul
Aliun [14]
Using the cpi in 2013, of 233 and in 1998 of 163, divide 233/163=1.43 x 100=$143 the cost in 2013 of the same baby shower item as in 1998. In other words the purchasing power of the $1 decreased over this time period to account for this. 
7 0
3 years ago
The following equation represents the effects of tax revenue mix on subsequent employment growth for the population of counties i
igomit [66]

Answer:

The stocks complement up to at least one. If one in all the stocks isn't mislaid, then the equation might be grieve from good multiple correlation. The factors might not have a ceteris paribus clarification, because it is not possible to vary one stocks although holding all of the opposite stocks mounted.

4 0
2 years ago
Woodwox Inc. is a famous online furniture store known for its high quality furniture. To achieve 100% customer satisfaction, it
Kamila [148]

Woodwox is trying to achieve "effectiveness".

<u>Explanation:</u>

It's how well a company and its people perform perform tasks that create value, and how well the business operates together is worth it. Effectiveness can be extended to many areas of industry. A company is successful from a managerial perspective if its people perform their required tasks.

Effectiveness metrics may also be used to characterize success in a fabrication environment. In this scenario, if the consequence achieved the desired requirements, a process is deemed efficient. Or put it another way, did the service turn out the way the company supposed?.

3 0
3 years ago
Other questions:
  • When a natural monopoly exists in a given industry, the per-unit costs of production will be?
    11·1 answer
  • Proceeds of debt issued for the construction or acquisition of capital assets are recognized by the capital projects fund as "ot
    13·1 answer
  • What would be two things you may want to use installment credit for in the future?
    7·1 answer
  • Which one of the following risks can be progressively eliminated by adding stocks to a portfolio?
    12·1 answer
  • Webster Corporation is preparing a master budget for the first quarter. The company budgets production of 2,960 units in January
    12·1 answer
  • Identity theft and financial fraud<br> have declined in recent years.<br> TRUE,<br> FALSE
    12·2 answers
  • Find the next year's net income for XYZ Inc. Next year, the sales grow by 25%. The current sales $300 million, and the current p
    13·1 answer
  • The phrase leadership praise followers in public private is really a statement concerning what two important parts of communicat
    9·1 answer
  • READ THE GREY PART!!!!! THIS IS A PAST DUE!!!! PORTFOLIO ITEM: WRITING AND ARGUMENTATIVE ESSAY: FINAL DRAFT: FREEDOM FIGHTERS! P
    10·2 answers
  • A withdrawal of cash from a bank that does not put the bank's reserves below the level of required reserves will ______.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!