I believe it would be the answer B
Answer:
The answer is A. The total revenue will be understated
Explanation:
Unearned revenue is when the amount or money has been received before providing the service. For example, a manufacturer has received money from a customer for a product that will be delivered over a period of time, let's say every month.
Unearned revenue is a liability but the failure to make an adjusting entry in the income statement will understate revenue because as the product is being delivered monthly, the accountant should be recognizing it as revenue in the Income statement. As this is recognized as revenue, unearned revenue account decreases with the same amount monthly
Explanation:
I have provided the code below which is producing the correct answers. Answers are verified by actual answers from calculator.
I have used a for loop for fast calculation and print.
ANSWER CODE:
population = 312032486;
seconds = 365*24*60*60;
births = seconds//7;
deaths = seconds//13;
immigrations = seconds//45;
years = {1,2,3,4,5}
change_in_pop = births - deaths + immigrations;
for val in years:
new_population = population + val*(change_in_pop)
print("The population after " + str(val) + " years is " + str(new_population)+"\n")
<u>Solution and Explanation:</u>
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