subject
Business, 19.09.2019 18:10 PluggedIn

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.

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 09:40
Boone brothers remodels homes and replaces windows. ace builders constructs new homes. if boone brothers considers expanding into new home construction, it should evaluate the expansion project using which one of the following as the required return for the project?
Answers: 1
question
Business, 22.06.2019 11:20
You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?
Answers: 1
question
Business, 22.06.2019 15:00
1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)
Answers: 2
question
Business, 22.06.2019 21:20
Afamily wishes to save for future college expenses. which financial tool should the family invest in?
Answers: 1
You know the right answer?
Consider the following transactions for huskies insurance company: equipment costing $42,000 is pur...
Questions
question
Mathematics, 18.03.2021 03:00
question
Mathematics, 18.03.2021 03:00
question
Mathematics, 18.03.2021 03:00
Questions on the website: 13722362