For a one-tailed test (lower tail) at 89.8% confidence, Z =

A &D Window cleaning performed $450 of services but has not yet billed customers for the month. If A&D fails to record the adjusting entry, what is the impact on the financial statements?

a. balance sheet: assets understated, equity overstated income statement: expense understated b. balance sheet: liabilities overstated, equity understatedincome statement: revenues understated c. balance sheet: assets overstated, equity understated income statement: expenses understated d. balance sheet: assets understated, equity understated income statement: revenues understated

Which of the following is a feature of an alienation clause in a loan agreement?

A. The lender can call the whole note due a payable upon non-payment by the owner. B. The borrower can prepay the loan without penalty. C. If the borrower sells the property, the lender may declare the unpaid balance on the note due and payable. D. It makes assumption of the loan possible by another borrower without the lender approval.