Adjustment information for the original transaction(s): ABC needs to recognize the wages expense for the month. Since all employees are paid salaries
and no changes have been made, this amount is the same as the previous month's salaries. (For
purposes of this assignment, ignore manufacturing and assume all labor costs will be expensed.)

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answer; comparing the additional benefits and costs;