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d1i1m1o1n [39]
3 years ago
7

If given an option between a sure gain of ten dollars or a twenty percent chance of gaining fifty dollars and a eighty percent c

hance of gaining nothing, most people would take the:__________.
Business
1 answer:
mel-nik [20]3 years ago
6 0

Answer:

tt

Explanation:

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I'm pretty sure the answer is A

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4) Double-declining-balance depreciation: A) is an accelerated depreciation method. B) ignores the residual value in computing d
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Answer:

Option D is correct.

Explanation:

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Which of the following is true of email?
Oliga [24]

Answer:D

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3 years ago
The balance in the prepaid insurance account before adjustment at the end of the year is $27,000. Journalize the adjusting entry
Radda [10]

Answer:

(A)  Debit Insurance expense $20,250

     Credit Prepaid insurance $20,250

     Being entries to recognize insurance amortization expense for the year.

(B)  Debit Insurance expense $20,250

     Credit Prepaid insurance $20,250

     Being entries to recognize insurance amortization expense for the year.

Explanation:

Prepaid insurance account before adjustment = $27,000

(A) the amount of insurance expired during the year is $20,250

To account  for the expired amount,

Debit Insurance expense $20,250

Credit Prepaid insurance $20,250

Being entries to recognize insurance amortization expense for the year.

(B) the amount of unexpired insurance applicable to future periods is $6,750

Amount expired = $27,000 - $6,750

                           = $20,250

To account  for the expired amount such that the amount of unexpired insurance applicable to future periods is $6,750,

Debit Insurance expense $20,250

Credit Prepaid insurance $20,250

Being entries to recognize insurance amortization expense for the year.

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3 years ago
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