Physical characteristics of the land include all but which of the following:

Which of the following items would be reported at its gross amount on the face of the income statement?

a. Extraordinary loss b. Prior period adjustment c. Cumulative effect of a change in an accounting principle d. Unusual gain

The accountant for Hobson Electrical Repair, Inc. failed to make an adjusting entry to record $5,000 of unpaid salaries for the last two weeks of the year. 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.