Answer:
C) debit Rent Expense, $4,000; credit Prepaid Rent, $4,000.
Explanation:
July 1, prepaid rent fro 6 months
Dr Prepaid rent 24,000
Cr Cash
July 31, adjusting entry to record rent expense
Dr Rent expense 4,000
Cr Prepaid rent 4,000
total prepaid rent = 24,000 for six months
after one month, 24,000 / 6 = 4,000 must be recorded as rent expense and prepaid rent must be credited.
Answer:
6.4%
Explanation:
we need to divide this investor's income in two parts:
- dividends are not taxed = $5,000 x 5% = $250
- capital gains = (selling price - basis) x (1 - tax rate) = ($4,975 - $4,900) x (1 - 15%) = $75 x 85% = $63.75
total after-tax gains = $250 + $63.75 = $313.75 / $4,900 = 0.064 ≈ 6.4%
Answer:
Viatical settlements may sound great on the surface but they present a lot of unique risks. Follow-on Investment Risk – some life policies are fully paid for, but many require you to continue to pay premiums for many years (or all the way up to the death of the insured).
Explanation:
Answer:
The statement is true.
Explanation:
The statement is true and correct that the Top company is a vulnerable company as vulnerable in business means that the company is weak and the reason due to which the top company is vulnerable as from last 40 years, the top manufacturing company is producing only a single product and does not engage in expanding the business.
Therefore, the correct option is A.
I think the answer is all of the above
