Lo20-5 indicate with the appropriate letter the nature of each situation described below: type of change pr change in principle reported retrospectively pp change in principle reported prospectively e change in estimate ep change in estimate resulting from a change in principle r change in reporting entity n not an accounting change 1. change from declining balance depreciation to straight-line 2. change in the estimated useful life of office equipment 3. technological advance that renders worthless a patent with an unamortized cost of $45,000 4. change from determining lower of cost or net realizable value (lcnrv) for the inventories by the individual item approach to the aggregate approach 5. change from lifo inventory costing to the weighted-average inventory costing 6. settling a lawsuit for less than the amount accrued previously as a loss contingency 7. including in the consolidated financial statements a subsidiary acquired several years earlier that was appropriat

rural residential development company and suburban real estate corporation form a joint stock company. the longest duration a joint stock company can be formed for is

Personal financial planning is the process of creating and achieving financial goals? true or false

Selected t-account balances for bloomfield company are shown below as of january 31, which reflect its accounting adjustments. the firm uses a calendar-year accounting period, but prepares monthly accounting adjustments.suppliesjan. 31 bal. 1,800 1,800 jan. 31 bal.supplies expensejan. 31 bal. 1,920 1,148 jan. 31 bal.prepaid insurancejan. 31 bal. 1,148 1,148 jan. 31 bal.insurance expensejan. 31 bal. 164 164 jan. 31 bal.wages payablejan. 31 bal. 1,400 1,400 jan. 31 bal.wages expensejan. 31 bal. 6,400 6,400 jan. 31 bal.truckjan. 31 bal. 17,376 17,376 jan. 31 bal.accumulated depreciation -truckjan. 31 bal. 5,068 5,068 jan. 31 bal.a. if the amount in supplies expense represents the january 31 adjustment for the supplies used in january, and $1,240 worth of supplies were purchased during january, what was the january 1 beginning balance of supplies? $answerb. the amount in the insurance expense account represents the adjustment made at january 31 for january insurance expense. if the original insurance premium was for one year, what was the amount of the premium, and on what date did the insurance policy start? amount of the premium $answerthe policy began on answerjune 1july 1august 1september 1october 1november 1 of the previous year.c. if we assume that no beginning balance existed in either in either wage payable or wage expense on january 1, how much cash was paid as wages during january? $answerd. if the truck has a useful life of four years (or 48 months), what is the monthly amount of depreciation expense, and how many months has bloomfield owned the truck? answermonths