If the balance of prepaid insurance was the same on January 1, 2016, and December 31, 2016, then the insurance expense would ____________________ the cash payments made for insurance during the year
Fill in the blank(s) with correct word
equal
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Suppose that Sears owes one million yen to a Japanese electronics manufacturer in three months. It could hedge against the risk of a depreciation of the dollar against the yen by contracting to purchase one million yen in the forward market, at today's forward rate, for delivery in three months.
a. True b. False
The capital account balance in the Balance Sheet credit column of the work sheet always equals the amount shown as the beginning balance on the statement of owner's equity
Indicate whether the statement is true or false
A scannable résumé can be categorized and ranked by the employer based on the number of key word matches found
Indicate whether the statement is true or false
McPherson Company must purchase a new milling machine. The purchase price is $50,000, including installation. The machine has a tax life of 5 years, and it can be depreciated according to the following rates. The firm expects to operate the machine for 4 years and then to sell it for $12,500. If the marginal tax rate is 25%, what will the after-tax salvage value be when the machine is sold at the end of Year 4? Year Depreciation Rate 1 0.20 2 0.32 3 0.19 4 0.12 5 0.11 6 0.06
A. $9,367 B. $9,860 C. $10,379 D. $10,925 E. $11,500