Revenue and liability has influence on reported financial statements because;
- it understates liabilities
- it overstates revenues
<h3>What is revenue and liability?</h3>
Revenue serves as the money that is been generated by the company as a profit while a liability serves as future sacrifices of economic benefits.
However, recognizing something as revenue instead of liability is dangerous because it can results in overstated net income.
Learn more about revenue at;
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Answer:
S corporation
Explanation:
In the given case, The eagle basis at the closing of the year is 70,000 i.e. $40,000 + $30,000 (50% of $60,000)
In the case when the entity was a general partnership so 50% of $10,000 i.e. $5,000 would be added to the basis of Eagle
So here the type of entity that was formed is S corporation
The same is relevant
Answer:
lol umm i knew it but then forgot
Explanation:
Answer: The correct answer is "A. Rene, who has a disability, is rejected from a job position because another candidate did not have a disability.".
Explanation: Disability discrimination occurs when an employer treats a qualified person with a disability, who is an employee or job applicant, unfavorably because he has a disability.
While in the case of option B, the law requires an employer to provide reasonable accommodation to an employee or job applicant with a disability, this is not mandatory if doing so will generate significant difficulties or expenses for the employer.
Therefore the case of option A would be considered a situation of legal employment discrimination.
Answer:
George is on a<u> fixed interval</u>
Mai Ling is on a <u>fixed ratio</u>
Explanation:
A schedule is the delivery rate or frequency of a booster.
A fixed interval refers to the amount of time the reinforcement delivery rate has occurred over a predictable period of time, such as George, who is paid weekly for his work.
A fixed ratio occurs when rewards are delivered on a consistent schedule basis. As in the case of Mai Ling who gets paid after certain completed tasks, which corresponds to the number of tasks she performs to receive certain reinforcement.