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).
Michael charms his friends into going to the beach instead of a hiking trip for the summer he use Referent power to influence others.
Referent power is kind of power comes through charisma, admiration, or charm. Persons with this capacity are not required to occupy any office or possess any special abilities or knowledge. Here Michael is seen as role model.
A special kind of personal power is referent power. Instead of relying on compulsion or manipulation, it is based on respectful interpersonal interactions. Organizations today place more emphasis on fostering relationships and teamwork. Referent power is hence becoming a crucial leadership tool.
to learn more about referent power here
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The Articles of Confederation had apportioned taxes not according to population but according to land values. The states consistently undervalued their land in order to reduce their tax burden. ... The taxes that the Three-Fifths Compromise dealt with were "direct" taxes, as opposed to excise or import taxes
Answer:
They also invented a flute, a drum, the famous Inca panpipe (a collection of hollow tubes of various lengths stuck together),
Explanation:
People began to domesticate animals and crops...
and as their tools became better they were able to grow crops and livestock
