Fortress Company paid $1200 on October 1, 2009 for one year of virus protection. The following journal entry was made:

10/1/09 Prepaid Software Service 1,200

Cash 1,200

The December 31, 2009 adjusting entry is

A.
debit Prepaid Software Service and credit Software Service Expense. $900

B.
debit Software Service Expense and credit Prepaid Software Service, $300.

C.
debit Software Service Expense and credit Prepaid Software Service, $900.

D.
debit Prepaid Software Service and credit Software Service Expense, $300.

rchased equipment on credit. Which of the following describes the effect of the transaction on the elements of the accounting equation.

A.
it decreases total assets but not stockholders’ equity

B.
it decreases total assets and stockholders’ equity

C.
it increases total assets and stockholders’ equity

D.
it increases total assets but not stockholders’ equity

Each of the following scenarios is based on facts in anactual fraud. categorize each scenario as primarily indicating (1) anincentive to commit fraud, (2) an opportunity to commit fraud, or(3) a rationalization for committing fraud. also state your reasoningfor each scenario.a. there was intense pressure to keep the corporation ' stock from declining further. this pressure came from investors, analysts,and the ceo, whose financial well-being was significantly dependent on the corporation ' s stock price.b. a group of top-level management was compensated (mostly in the form of stock-options) well in excess of what would be considered normal for their positions in this industry.c. top management of the company closely guards internal financial information, to the extent that even some employees on a “need-to-know basis” are denied full access.d. managing specific financial ratios is very important to the company, and both management and analysts are keenly observant of variability in key ratios. key ratios for the company changed very little even though the ratios for the overall industry were quite volatile during the time period.e. in an effort to reduce certain accrued expenses to meet budget targets, the cfo directs the general accounting department to reallocate a division’s expenses by a significant amount. the general accounting department refuses to acquiesce to the request, but the journal entry is made trough the corporate office. an accountant in the general accounting department is uncomfortable with the journal entries required to reallocate divisional expenses. he brings his concerns to the cfo, who assures him that everything will be fine and that the entries are necessary. the accountant considers resigning, but he does not have another job lined up and is worried about supporting his family. therefore, he never voices his concerns to either the internal or external auditors.f. accounting records were either nonexistent or in a state of such disorganization that significant effort was required to locate or compile them.

Renaldo scanlon is a financial consultant. he earns $30 per hour and works 32.5 hours a week. what is his straight-time pay?

Explain the relationship between consumers and producers in economic growth and activity