If the adjusting entry to record the account of prepaid insurance that has expired during the period is omitted, the net income for the period will be____.

Fill in the blank(s) with the appropriate word(s).

Answer: overstated

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According to the (Second) Restatement of the Law of Agency, the apparent authority of a general agent for a disclosed principal will terminate without notice to third parties when the

A. Principal dismisses the agent. B. Principal or agent dies. C. Purpose of the agency relationship has been fulfilled. D. Time period set forth in the agency agreement has expired.

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Of the following, which country received the highest score on the Greendex sustainable consumption index, which suggests they minimize their environmental impact via decisions made about transportation, household energy, resource use, and food/good

consumption? A) China B) Brazil C) India D) United States E) France

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