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).
This looks like it’s common sense but the answer is A
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The answer is Linux is an example of a popular open source operating system. The Linux open-source operating system, or Linux OS, is a generously distributable, cross-platform operating system based on Unix that can be installed on PCs, laptops, netbooks, mobile and video game consoles, servers, supercomputers and tablet devices.
The 2nd one: What social skills are built by playing sports.
This makes no sense. Where is the work?
