Which of the following is not considered a dominant institution in the Era of Globalization?

Interest earned on a note receivable was not recorded.

a. Assets and owner's equity overstated b. Assets and owner's equity understated c. Assets overstated and owner's equity understated d. Assets understated and owner's equity overstated e. Liabilities and owner's equity overstated

The Financial Modernization Act of 1999

a. made it clear that states were to be primary regulators b. deregulated commercial insurance lines c. removed barriers separating financial services fields d. shifted insurance regulation to the federal government