Business, 21.12.2019 00:31 datgamer13
The balance in the prepaid insurance account before adjustment at the end of the year is $27,000. journalize the adjusting entry required under each of the following alternatives for determining the amount of the adjustment;
(a) the amount of insurance expired during the year is $20,250;
(b) the amount of unexpired insurance applicable to futre periods is $6,750.
Answers: 1
Business, 21.06.2019 20:30
Andrew cooper decides to become a part owner of a corporation. as a part owner, he expects to receive a profit as payment because he has assumed the risk of - serious inflation eroding the purchasing power of his investment.- being paid before the suppliers and employees are paid.- losing his home, car, and life savings.- losing the money he has invested in the corporation and not receiving profits.- the company giving all of the profits to local communities
Answers: 2
Business, 22.06.2019 12:20
Selected transactions of the carolina company are listed below. classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity. 1. common stock is sold for cash above par value. 2. bonds payable are issued for cash at a discount
Answers: 2
Business, 22.06.2019 12:30
land, a building and equipment are acquired for a lump sum of $ 1,000,000. the market values of the land, building and equipment are $ 300,000, $ 800,000 and $ 300,000, respectively. what is the cost assigned to the equipment? (do not round any intermediary calculations, and round your final answer to the nearest dollar.)
Answers: 1
The balance in the prepaid insurance account before adjustment at the end of the year is $27,000. jo...
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