On April 1, 2019, a company paid the $1,350 premium on a three-year insurance policy with benefits beginning on that date. What will be the insurance expense on the annual income statement for the year ended December 31, 2019? A. $1,350. B. $450. C. $1,012.50. D. $337.50.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “On April 1, 2019, a company paid the $1,350 premium on a three-year insurance policy with benefits beginning on that date. What will be the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Sheffield Corp. had a 1/1/20 balance in the Allowance for Doubtful Accounts of $34500. During 2020, it wrote off $21600 of accounts and collected $5740 on accounts previously written off.
Answers (1)
Suppose that the wage is $20 per hour in a two-sector (manufacturing and agriculture) specific-factors model.
Answers (1)
Profit Margin, Investment Turnover, and ROI Briggs Company has operating income of $25,854, invested assets of $139,000, and sales of $430,900. Use the DuPont formula to compute the return on investment.
Answers (1)
The implied production possibilities curve between work time and grades suggests that more hours spent working will mean more income, but also less study time and a lower grade average. True or False
Answers (1)
Within the context of the capital asset pricing model (CAPM), the risk measure known as beta is often computed by regressing the return of the company's stock against the (A) return on the company's bonds (B) return on the market portfolio (C)
Answers (1)
New Questions in Business
This is a type of individual retirement account that is usually not taxed when money is withdrawn from the account
Answers (1)
Last year, Goran had $30,000 to invest. He invested some of it in an account that paid 7% simple interest per year, and he invested the rest in an account that paid 10% simple interest per year.
Answers (1)
A function that indicates the maximum output per unit of time that a firm can produce, for every combination of inputs with a given technology, is called A. a production possibility curve. B. a production function. C. an isocost function. D.
Answers (1)
Guardrails should be installed along all open sides and ends of scaffolding before use. A. False B. True
Answers (1)
A fire destroys all of the merchandise of Coronado Company on February 10, 2017. Presented below is information compiled up to the date of the fire: Inventory, January 1, 2017 $423,300 Sales revenue to February 10, 2017 1,924,500 Purchases to
Answers (1)