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mezya [45]
3 years ago
8

At December 31, 2017, before any year-end adjustments, Macarty Company's Prepaid Insurance account had a balance of $2,700. It w

as determined that $1,500 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be:
A) $1,200.
B) $2,700.
C) $1,900.
D) $1,500.
Business
1 answer:
Reika [66]3 years ago
8 0

Answer:

A) $1,200.

Explanation:

given data

Prepaid Insurance account balance = $2,700

Prepaid Insurance had expired = $1,500

solution

we know here

Insurance Expense (Dr.) = $1,500

Prepaid Insurance (Cr.)  = $1,500

as adjusted balance for Prepaid Insurance =  $1,200

and expired Insurance that is charge to be as Profit or Loss Statement is $1,500

because here

implies the adjust balance for Prepaid Insurance is as

adjust balance for Prepaid Insurance =  2,700 - 1,500

adjust balance for Prepaid Insurance = $1,200

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Answer:

B.Her actions are inconsistent with the advice being given to her clients and this must be disclosed

Explanation:

A registered investment adviser often recommends real estate limited partnership investments to her wealthy clients. The RIA's personal financial statement and income are consistent with those of her wealthy clients, yet she never buys limited partnership units for her personal account. Which statement is TRUE

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3 years ago
Could I Industries just paid a dividend of $1.62 per share. The dividends are expected to grow at a rate of 20 percent for the n
nata0808 [166]

Answer:

Explanation:

Using the dividend growth model = Do(1+g)/Ke-g

Do=1.62$

G=4%

Ke=12%

Do(1+g)/Ke-g  =  2.0736(1+4%)/12%-4%

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/8%

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                    0             1             2           3            4  

                          20%  20%  20% 20%  

Dividend             1        1.2      1.44  1.728 2.0736  

Ifninty dividend                                               55.91*  

Total Cashflows 1    1.2     1.44         1.728 55.98  

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Answer: Transactional leadership

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For transactional Leadership, promotion of compliance is done through both rewards and punishment.

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Svetach [21]

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<h3>What does withdrawing from a bank do?</h3>

If one withdraws money from a bank, it will reduce the bank's checkable deposits as these are made of cash that was deposited by entities.

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