Answer:
Debit Insurance expense $10,000
Credit Prepaid Insurance $10,000
Being entries to recognize insurance expense for the period (August to December).
Explanation:
Given;
Insurance policy was purchased on July 10 to run for 3 years.
Cost of policy = $72,000
Start date is August 1st. As at 31 December, the policy should have been amortized for 5 months (August to December)
Monthly depreciation = $72,000/(3 × 12)
= $2,000
Total amortization between August and December = 5 × $2,000
= $10,000
Journal entries
Debit Insurance expense $10,000
Credit Prepaid Insurance $10,000
Being entries to recognize insurance expense for the period (August to December).
Where is the link? I do not see the link in the comments
Answer:
my be plastic wrep
Explanation:
because it seems to be elastic and its holds on very well
Answer:
The correct answer is a) outside
Explanation:
The Incident Resource Inventory System (IRIS) emphasizes the ability to check resources and share resource information with other agencies. The users can choose specific resources for mutual aid purposes based on specific requirements.
In NIMS, resource inventorying refers to preparedness activities conducted outside of the incident response.
They seek the advantage of flat or horizontal organizations.
This is an organizational structure with limited or no levels of mid management among staff and
executives. An organization's structure discusses about the nature of the dissemination
of the components and locations within it. Tall and flat organizations vary
grounded on how many ranks of management are current in the association, and
how much control managers are capable.
