The person to whom an insurance promise is made is called: ______
A) the insured.
B)the insurer.
C)the broker.
D)the agent.
A
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The Slazenger Company has provided the following information: Shareholders' equity on January 1, 2018 was $2,225,900.
Shareholders' equity on December 31, 2018 was $2,379,300. Treasury stock costing $71,000 was sold for $62,000; the treasury stock was acquired during 2017. A property dividend was declared and distributed during 2018. The property's book value was $42,325 on the declaration date; the property's fair value was $54,485 on the declaration date and $57,500 on the distribution date. 10,000 shares of $20 par value preferred stock were purchased and retired during 2018. The shares were initially issued for $25 per share and were purchased for $29 per share. 5,000 shares of $5 par value common stock were issued as the result of a small stock dividend. The market value per share was $9 at the declaration date and $9.50 at the distribution date. Cash dividends declared and paid during the year totaled $70,000. Required: What was Slazenger's 2018 net income assuming that the only other transactions impacting shareholders' equity are described above? What will be an ideal response?
Exhibit 22-2 On January 1, 2017, Nathan, Inc purchased a machine for $56,000. Eight-year, straight-line depreciation with no salvage value was used through December 31, 2018. On January 1, 2019, it was estimated that the total useful life of the machine from acquisition date was ten years. ? Refer to Exhibit 22-2. what is the amount of the adjusting entry that should be made on January 1, 2019?
A) $6,000 B) $3,600 C) $2,400 D) $0
________ explains why employees are highly motivated if they believe that working hard will lead to high performance and ultimately desired outcomes.
A. Intrinsic motivation B. Expectancy theory C. The need for power D. Herzberg's motivator-hygiene theory E. Maslow's hierarchy of needs
On June 3, Maryland Company purchased merchandize worth $800 on credit, terms 2/10, n/30 . The amount paid on June 10 . What is the required journal entry to record the payment under the periodic inventory system?
a. Accounts Payable 784 Purchases Discounts 16 Cash 800 b. Accounts Payable 800 Purchases Discounts 16 Cash 784 c. Cash 784 Purchases Discounts 16 Accounts Payable 800 d. Cash 800 Purchases Discounts 16 Accounts Payable 816