If a company reporting on a calendar year basis, paid $18,000 cash on January 1 for one year of rent in advance (lease beginning January 1), and adjusting entries are made at the end of each month, the balance remaining in Prepaid Rent on December 1 should be $1,500.
Answer the following statement true (T) or false (F)
True
$18,000 * 1/12 = $1,500
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a. True b. False
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A. Environmental B. External C. Global D. Internal
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A. $87,000 B. $54,000 C. $133,000 D. $59,000
What is a disadvantage of certificate of deposits?
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