Answer:
a. $200 decrease in net income.
Explanation:
When insurance is paid in advance, the entries required are;
Debit Prepaid Insurance
Credit Cash account
As time elapses and the insurance expires,
Debit Insurance expense
Credit Prepaid Insurance
Given that the Adjustments columns show expired insurance of $200, this will be recorded as an expense and will thus decrease the net income.
Answer:
$34,100
Explanation:
The interest on the installment note for the first year is a function of both the face value of the note and interest rate of 11%
Interest expense on the first annual payment=$310,000*11%
Interest expense on the first annual payment=$34,100
The amount principal repayment in respect of the first annual payment is the amount of payment which is $52,639 minus the interest portion of the payment.
The Principal portion of the first payment=$52,639-$34,100=$18,539
Microwave is the fastest way to heat something also easiest way but no the healthiest and the food dose not taste as good (example when you microwave pizza it turns out rubbery and taste fake and not as fresh)
<span>Privacy protection in the United states is much less stringent than in Europe.
Stringent is another word for strict. European privacy protection laws are much more strict than those in the United States. Privacy protection refers to the means of protecting your privacy and companies are not allowed to give out personal </span>information without confirmation they are allowed to do so.
Answer: D) $2.7 million
Explanation:
Debentures are sold per $1,000 which means that out of $30 million there are;
= 30,000,000/ 1,000
=30,000 bonds.
Each bond is entitled to 3 shares;
= 30,000 * 3
= 90,000 shares.
Price of $30
= 90,000 * 30
= $2,700,000
