On August 1, 2017, Clerk Company receives $15,000 from a customer on account for work to be performed evenly over the next 18 months. Clerk records this transaction in the deferred revenue account. If Clerk fails to record the adjusting entry on December 31, 2017, what is the effect on the financial statements

Mark knopf is an auditor who has been asked to provide an audit and financial statement certification for a company that is going public on the new york stock exchange. knopf wants to know his personal liability if the company provides him with inaccurate or false information. which of the following sources of law will him answer that question? a. the city ordinances where the company headquarters is located. b. the state constitution of the state where the company is incorporated. c. code of federal regulations. d. all of the above