The Accountant of Delta,Inc

question 86

Multiple Choice

The accountant of Delta,Inc.failed to make an adjusting entry to record $6,000 of unearned service revenue that has now been earned.Assume the deferred revenue was initially recorded as a liability.Which of the following statements is true?

• A)The total revenue will be overstated.
• B)The total revenue will be understated.
• C)The total expenses will be overstated.
• D)The total expenses will be understated.

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A situation where deans, who are senior academic officials in universities, engage directly in teaching courses, usually in their field of expertise.

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Authority based in the perception of remarkable personal qualities in a leader.

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A form of leadership where power is legitimized by longstanding custom, tradition, or religious beliefs.

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Authority based in laws, rules, and procedures, not in the heredity or personality of any individual leader.