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slavikrds [6]
3 years ago
5

A 12-month insurance policy was purchased on Dec. 1 for $4,800 and the Prepaid insurance account was initially increased for the

payment. The required adjusting journal entry on December 31 includes a: (Check all that apply.)A) credit to Prepaid insurance for $400. B) debit to Insurance expense for $400. C) credit to Insurance expense for $400. D) debit to Prepaid insurance for $400. E) debit to Insurance expense for $4,800.
Business
1 answer:
Aleks [24]3 years ago
3 0

Answer:

The correct option is B

Explanation:

A 12-month insurance policy was purchased on Dec. 1 for $4,800 and the Prepaid insurance account was initially increased for the payment. The required adjusting journal entry on December 31 that insurance expense would be debited for $400.  Therefore, the correct option amongst the given options would be option B.

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vovikov84 [41]

Answer:

Information Technology Cluster

Explanation:

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The information technology cluster is composed of the following four career pathways: information support and services, interactive media, network systems, and programming and software development.

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The climate in which jonah lives is mild all year long except during the hotter summer months. for 3 months out of the year, jon
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If Jonah needs to use 4 portable fans for 3 months out of the year, and the electricity used in one fan costs 1 cent per hour and each fan is used for about 96 hours per month, the total electricity cost for the fans during one year is $11.52.
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3 years ago
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You are the IT director at Attaway Airlines, a small regional air carrier. You chair the company's systems review committee, and
Masja [62]

<u>Explanation:</u>

Been the IT director at Attaway Airlines, it will be important to prepare a draft of the advantages and the level of difficulties the new computerized reservation system from an IT perspective.

However, the ultimate goal is not to simply win arguments, but to explain and consider the facts from both the Vice president of finance and the Marketing Manager.

4 0
3 years ago
g a machine with a cost of $148,000 and accumulated depreciation of $103,000 is sold for $59,000 cash. the amount that should be
krek1111 [17]

In a condition wherein a machine costing $148,000 and accumulates depreciation of $103,000 is sold for $59,000 cash, then the amount that should be reported as a source of cash under the cash flows from investing activities will be $59,000. Therefore, the option C holds true.

Cash flows from investing activities include the amount(s) spent by an organization over investing in different classes of assets with a view to pursue monetary returns. They include the amounts that are received or sent as cash at the time of purchase or sales of an asset of an organization.

Learn more about cash flows here:

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Complete question

g a machine with a cost of $148,000 and accumulated depreciation of $103,000 is sold for $59,000 cash. the amount that should be reported as a source of cash under cash flows from investing activities is:

a. Zero.

b. This is a financing activity.

c. $59,000.

d. $14,000.

e. This is an operating activity.

f. $45,000.

5 0
1 year ago
A task performed by an organization or organizational subunit in support of the organization's overall mission is referred to as
Mars2501 [29]

Answer:

business process

Explanation:

Business process are plans, task that are carried out by an organization or its subunits whose end result is to attain the goals of the organization. Business process are often times a repetition of certain work processes, which is subject to continuous update for effective result.

Some aspects of business process includes business support; which provides support to the business arm of a firm in terms of processing while operational process is the major business part of the business process.

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