Answer:
Explanation:
On July 1, 2019, Cullumber Company pays $12,000 to Kalter Insurance Co. for a 3-year insurance contract.
For Cullumber Company:
July 1 Debit:Prepaid Insur $12000
Credit: Bank. $12,000
Being payment for prepaid Insurance.
Dec 31. Credit:prepaid insur $2,000
Debit:Insurance exp $2,000
Being insurance expenses for the year.
For Blossom Company:
July 1 Credit:Unearned Revenue $12000
Debit: Bank. $12,000
Being unearned revenue on Insurance.
Dec 31. Debit:unearned revenue $2,000
Credit: Revenue $2,000
Being insurance revenue for the year.
Answer:
Option C
Explanation:
the correct answer is Option C
when the stock's dividend is expected to grow at a constant rate of 5 percent per year then the price of the stock expected to be higher by 5% over the span of one year.
hence, the only option which is correct is option C in which the expected growth is expected to be 5 % after one year.
1.C.$15,345
2.c.23.61%
3.c. United States
4.false
5.B. Social Security
6.d. spending that must be authorized by Congress each year
7.d. raising payroll Texas or raising benefits
8.D.States increase taxes to fund education.
9.A.the money supply and interest rates that automatically increase or decrease along with the business cycle.
10.
Public limited company should prioritise the
aims of its shareholders because stakeholders have a good share of a business.
<h3>What is public limited company (PLC)?</h3>
PLC is a public company, that sells shares to individual who are interested. The buyers of the shares have limited liability.
Stakeholders have a good share of a business, they are key partners that cannot avoided in the success of any business or organization.
Therefore, Public limited company should prioritise stakeholders because they have a good share of a business.
Learn more on stakeholders here
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