Answer:
C. Debit Insurance Expense, dollar 4, 500; Credit Prepaid Insurance, dollar 4, 500
Explanation:
Date Account Title Debit Credit
Dec 31 Insurance expense $4,500
Prepaid insurance $4,500
($7,750-3,250)
Option C is correct.
<span>The laissez-faire leadership has the following characteristics:
The group members are self-directed.
The leader resolves conflicts and determines policies.
Decisions are made quickly.
A live-and-let-live approach is followed.
The leader does not resolve conflicts and determine policies because this type of leadership is delegative, meaning leaders leave the group members alone. They are self-directed, which means that decisions are made quickly because they do not need to pass approval. Also, members do not interfere with each other so the live-and-let-live approach is indeed followed.</span><span>
</span>
Answer:
Date Account Titles and Explanation Debit Credit
June 15 Cash Dividends $103,500
[(60000+9000)*$1.5]
Dividends payable $103,500
(Being dividend declared for 69000 shares at $1.5 each)
July 10 Dividends payable $103,500
Cash $103,500
(Being dividend paid)
Dec 15 Cash Dividends $116,800
[(60000+9000+4000)*1.6]
Dividends payable $116,800
(Being dividend declared for 73000 shares at $1.6 each)
Answer:
B) reports AGI of $90,000 with a $10,000 passive loss carryover.
Explanation:
regular business income $90,000
passive income:
- Activity A: $20,000 gain
- Activity B: $30,000 loss
Mark's adjusted gross income will include the income from his normal business activities = $90,000. But he should also report the passive activities which result in a net loss of $10,000 (= $20,000 - $30,000 = -$10,000). This loss from his passive activities must be reported as passive loss carryover.
<span> Some </span>examples of literary nonfiction<span> include personal journals, diaries, memoirs, letters, and essays.</span>