Consider the following transactions for huskies insurance company: equipment costing $42,000 is purchased at the beginning of the year for cash. depreciation on the equipment is $7,000 per year. on june 30, the company lends its chief financial officer $50,000; principal and interest at 7% are due in one year. on october 1, the company receives $16,000 from a customer for a one-year property insurance policy. deferred revenue is credited. required: indicate by how much net income in the income statement is higher or lower if the adjustment is not recorded.

answer///schedule;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.

i would say cowboy bebop