On july 1, 2017, ling co. pays $7,440 to pina colada corp. for a 2-year insurance contract. both companies have fiscal years ending december 31. for ling co., enter the july 1 transaction and the december 31 adjustment in the tabular summary that follows. (if a transaction results in a decrease in assets, liabilities or stockholders' equity, place a negative sign (or parentheses) in front of the amount entered for the particular asset, liability or equity item that was reduced.)
Answers: 3
Business, 21.06.2019 19:30, gymnastattack
Which of the following correctly describes the accounting for indirect labor costs? indirect labor costs are product costs and are expensed as incurred. indirect labor costs are period costs and are expensed when the manufactured product is sold. indirect labor costs are period costs and are expensed as incurred. indirect labor costs are product costs and are expensed when the manufactured product is sold.
Answers: 3
Business, 22.06.2019 14:20, Champion9701
For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?
Answers: 3
Business, 22.06.2019 16:30, tadams9922
Penelope summers received certain income benefits in 2018. she received $1,400 of state unemployment insurance benefits, $2,000 from a federal unemployment trust fund and $3,700 workers’ compensation received for an occupational injury. what amount of the compensation must penelope include in her income
Answers: 1
Business, 22.06.2019 19:00, williamsvilletiles
When making broccoli cream soup, the broccoli and aromatics should be a. burned. b. simmered. c. puréed. d. sweated.
Answers: 2
On july 1, 2017, ling co. pays $7,440 to pina colada corp. for a 2-year insurance contract. both com...
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