Diane's designs purchased a one-year liability insurance policy on march 1 of a year for $3,960 and recorded it as a prepaid expense. which of the following amounts would be recorded as insurance expense during the adjusting process at the end of diane’s first month of operations on march 31?

Comparative financial statements for weller corporation, a merchandising company, for the year ending december 31 appear below. the company did not issue any new common stock during the year. a total of 800,000 shares of common stock were outstanding. the interest rate on the bonds, which were sold at their face value, was 12%. the income tax rate was 40% and the dividend per share of common stock was $0.40 this year. the market value of the company's common stock at the end of the year was $18. all of the company's sales are on account. time interest earned ratio