subject
Business, 02.06.2021 17:30 bellj9672

Assume Montana Company recorded the following adjusting journal entry at year-end: Insurance expense $2,500 Prepaid insurance $2,500 If the beginning balance in prepaid insurance was $500, and $5,000 was paid for an insurance premium during the year, what is the ending balance in the prepaid insurance account after the above adjusting entry

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 20:10
In three to four sentences, explain the effect of a price ceiling on the quantity of a good and who this intervention intends to assist
Answers: 3
question
Business, 22.06.2019 14:00
Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate
Answers: 1
question
Business, 22.06.2019 16:50
Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?
Answers: 2
question
Business, 22.06.2019 19:30
Fly-by products, inc. operates primarily in the united states and has several segments. for the following segment, determine whether it is a cost center, profit center, or investment center: international operations- acts as an independent segment responsible for all facets of the business outside of the united states. select one: a. cost center b. profit center c. investment center
Answers: 2
You know the right answer?
Assume Montana Company recorded the following adjusting journal entry at year-end: Insurance expense...
Questions
question
Mathematics, 28.06.2019 23:00
question
Mathematics, 28.06.2019 23:00
question
Mathematics, 28.06.2019 23:00
Questions on the website: 13722363