Answer:
Explanation:
The journal entry is shown below:
On July 1
Prepaid Insurance A/c Dr $10,480
To Cash A/c $10,480
(Being prepaid insurance is paid)
On December 31
Insurance expense A/c Dr $2,620
To Prepaid Insurance $2,620
(Being prepaid insurance is adjusted)
The computation is shown below:
= $10,480 ÷ 2 years × 6 months ÷ 12 months
= $2,620
The correct answer is two years.
A presidential appointee is required by law to spend about two years on the job before being allowed to leave that job and pursue some other careers. Every president has done that according to the American law and politics.
Answer:If Ashton was made aware that he could be called in to cover for another employee during the hiring.Or he had stood in for another employee several times after being called and without calling back
Explanation:
Answer: The amount of dividend paid during the month is $7,000.
Explanation: You need to prepare a simple movement schedule (an extract from the statement of changes in equity) to solve this question as follows:
Arcade Fire Enterprises
Stockholders' equity, begining of the month $35,000
Net income (addition) 9,000
Dividend paid (XXXX)
Stockholders' equity, end of the month 37,000
To get XXXX, you need to make it the subject of the formula:
$35,000 + $9,000 - XXXX = $37,000
$44,000 - XXXX = $37,000
XXXX = $44,000 - $37,000
XXXX = $7,000
Note that <u>dividends are always paid out of stockholders' equity.</u>
