On july 1, 20x3, roxy co. obtained fire insurance for a three-year period at an annual premium of $72,000 payable on july 1 of each year. the first premium payment was made july 1, 20x3. on october 1, 20x3, roxy paid $24,000 for real estate taxes to cover the period ending september 30, 20x4. this prepayment was made to obtain a discount. in its december 31, 20x3, balance sheet, roxy should report prepaid expenses of:
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Business, 22.06.2019 11:40, derrion67
During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million
Answers: 1
Business, 22.06.2019 15:00, WowOK417
Which of the following characteristics are emphasized in the accounting for state and local government entities? i. revenues should be matched with expenditures to measure success or failure of the government entity. ii. there is an emphasis on expendability of resources to accomplish objectives. a. i only b. ii only c. i and ii d. neither i nor ii
Answers: 2
Business, 22.06.2019 18:00, flowergirly34
Martha entered into a contract with terry, an art dealer. according to the contract, terry was to supply 18 th century artifacts to martha for the play she was directing, and martha was ready to pay $50,000 for this. another director needed the same artifacts and was ready to pay $60,000. terry decided not to sell the artifacts to martha. in this case, the court may order terry to:
Answers: 2
Business, 22.06.2019 19:00, leeenaaa95
What is an equation of the line in slope intercept formm = 4 and the y-intercept is (0,5)y = 4x-5y = -5x +4y = 4x + 5y = 5x +4
Answers: 1
On july 1, 20x3, roxy co. obtained fire insurance for a three-year period at an annual premium of $7...
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