1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maksim [4K]
3 years ago
13

Costs of assets acquired in one period that will be recorded as expense in a future period are referred to as ______ and are ini

tially recorded as _____.
Business
1 answer:
Vadim26 [7]3 years ago
3 0

Answer: Prepaid expense, asset

Explanation: Prepayments made for goods and service which are expected to be received in the future are called prepaid expense. Common examples of prepaid expense are rent and insurance which are expected to be payed in advance but won't be consumed or expire over a certain accounting period. They are therefore initially recorded as assets, this enables the benefits derived from such asset to match expense over the incurred period of time.

You might be interested in
Which situation best illustrates the role of businesses in the circular flow of<br> goods?
OLEGan [10]

Answer:

A

Explanation:

now am not sure but i think the answer is A

4 0
3 years ago
Read 2 more answers
On November 10th, Easton Company sold the Y Company stock for $31 per share. On December 15th, Z Company paid dividends of $0.12
AysviL [449]

Answer:

Find attached complete part  of the question.

The unrealized gains is $3500

Explanation:

Y stock has been disposed and its gains or losses are now realized, and it is not applicable to our computation now.

Unrealized gains or losses is the difference between purchase price of a stock and its current market price

Stock X=($43-$40)*1500=$4500 gains

Stock Z=($21-$22)*1000=-$1000 losses

So unrealized gains overall =$4500-$1000

     unrealized gains =$3500

Note that the price of stock X  has risen to $43 from initial $40 while that of company  Z has fallen to$21 from the initial $22.

I

Download xlsx
3 0
3 years ago
A(n) ________ represents a condensed version of the registration statement that enables prospective investors to evaluate a stoc
stiks02 [169]

Answer:

D. prospectus

Explanation:

prospectus is a term used in company law, it can be regarded as a formal and legal document that are used for invitation of offers from the public, so that public can subscribe to or purchase any securities. prospectus is basically a formal and legal document issued by a body corporate which acts for inviting offers from the public for subscription or purchase of any securities.prospectus is usually issued by a body corporate. And in this case the entitlement on issueing of prospectus is open to the every public company so that they can issue prospectus for shares or debentures, however not required as far as private company is concerned. It should be noted that prospectus represents a condensed version of the registration statement that enables prospective investors to evaluate a stock for possible purchase.

3 0
3 years ago
Copper Corporation, a calendar year C corporation, owns stock in Bronze Corporation and has net operating income of $900,000 for
UNO [17]

Answer: $150,000

Explanation:

The Dividend Received Deduction is a Federal tax deduction that applies when a related company pays dividends to another company that owns part of it.

The relevant provision is that when a company owns more than 80% of the company receiving the Dividend, the Dividend Received Deduction amounts to 100% of dividends received.

Cooper Corporation may therefore claim a deduction of $150,000 being the total amount as they own 85% of Broze Corporation Stock.

7 0
2 years ago
Read 2 more answers
Faith went to the grocery store to buy apples. if each apple cost $0.78, and she spent a total of $4.68, how many apples did fai
nirvana33 [79]

Faith bought 6 apples at $.78 each. She paid $4.68 for the apples.


Given : $.78 price for each apple

$4.68 the amount Faith spent for the apples.


$4.68 / $.78 = 6

4 0
3 years ago
Other questions:
  • Calculator Atlas Company provided the following information for last year: Operating income $ 92,000 Sales 235,000 Beginning ope
    7·1 answer
  • Nate is investing in a partnership with Deidre. Nate contributes as part of his initial investment, Accounts Receivable of $6070
    12·1 answer
  • 20 pts.<br><br> When would it be better to use business emails?
    15·2 answers
  • A perfectly competitive industry exists under which of the following conditions? I. The product sold is similar across firms. II
    7·1 answer
  • Equipment costing $70,000 with a salvage value of $14,000 and an estimated life of 8 years has been depreciated using the straig
    6·2 answers
  • suppose you have 100$.Each apple cost $1 and each banana cost $2.draw a picture showing the limitations of what you can buy​
    5·1 answer
  • Proposals related to ________ include controlling the ingredients that go into certain products and packaging as well as reducin
    13·1 answer
  • From the following list of selected items taken from the records of Bobcat Appliance Service as of a specific date, identify tho
    6·1 answer
  • Sort the list below according to whether or not an item is an assumption made under perfect competition (aka pure competition or
    8·1 answer
  • Suppose that Toyota operates two large plants: one in Japan and one in the United States. In the Japanese plant it takes Toyota
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!