subject
Business, 22.10.2019 23:30 michaellevingston46

Ambiance corporation began operations on january 1, year 1. during the month of january, the company operated without insurance coverage. then, on february 1, the company paid the $4,800 premium on a two-year insurance policy with benefits beginning on that date. the company uses the accrual basis. how much insurance expense will be reported on the company's income statement for the year ended december 31, year 1?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 01:10
Technology corp. is considering a $238,160 investment in a new marketing campaign that it anticipates will provide annual cash flows of $52,000 for the next five years. the firm has a 6% cost of capital. what should the analysis indicate to the firm's managers?
Answers: 2
question
Business, 22.06.2019 11:10
Robert black, regional manager for ford in texas and oklahoma, faced a dilemma. the ford f-150 pickup truck was the best-selling pickup ever, yet ford's headquarters in detroit had decided to introduce a completely redesigned f-150. how could mr. black sell both trucks at the same time? he still had "old" f-150s in stock. in his advertising, mr. black referred to the new f-150s as follows: "not a better f-150. just the only truck good enough to be the next f-150." this statement represents ford's of the new f-150.
Answers: 2
question
Business, 22.06.2019 12:00
Identify at least 3 body language messages that project a positive attitude
Answers: 2
question
Business, 22.06.2019 13:50
The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?
Answers: 2
You know the right answer?
Ambiance corporation began operations on january 1, year 1. during the month of january, the company...
Questions
question
Mathematics, 13.08.2020 09:01
question
History, 13.08.2020 09:01
question
Geography, 13.08.2020 09:01
Questions on the website: 13722363