Answer:
d. net income for the year will be overstated.
Explanation:
The prepaid rent account is used to record the amount paid in advance for rent. Once the amount is paid, the entries required are
Debit Prepaid rent
Credit Cash account
On subsequent use of the rent, the required entries are
Debit Rent expense
Credit Prepaid rent
As such where at the end of the fiscal year, the usual adjusting entry to update Prepaid Rent for the portion of the benefit that was used up / expired was accidentally omitted, net income for the year will be overstated as the rent expense that would have been posted to reduce it would have been omitted.
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Answer:
C) the safety and soundness of the financial system in aggregate.
Explanation:
Macroprudential regulation focuses on reducing systemic risk.
Systemic risk is the financial risk associated with an event from a specific company damaging the whole financial system. Systemic risk was responsible for the collapse leading to the Great Recession (2008-2010).
The "too big to fail" policy is an example of macroprudential regulation.
Answer:
c. It hopes to make more money available for loans
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They can be prevented by using of small collection tube, allowing stable patients to carry out the laboratory test and sharing of specimen in the laboratory
<h3>What is iatrogenic anemia? </h3>
This is a condition of lowered hematocrit and hemoglobin count resulting from<u> frequent removal of blood samples</u> needed for testing purpose in the laboratory.
They can be prevented by carrying out the following:
- The use of small collection tubes
- Stable patients should only be allowed to carry out the laboratory test
- Sharing of specimen in the laboratory
Learn more on iatrogenic anemia here: brainly.com/question/8197071
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