The Brighton Dental Corporation prepays the rent on its dental office. On July 1, the corporation paid $18,000 for 6 months of rent
How much Rent Expense should Brighton Dental Corporation record the three months ended September 30 under the accrual basis? Why?
What will be an ideal response
Brighton Dental should report Rent Expense of $9,000 because expense is recorded when incurred.
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Marco is working on promoting his company's Glazer brand of electronic razors. The company estimates 50 million potential users and sets a target of attracting eight percent of the market
Marco sets an objective of reaching 80 percent of the potential customers with an advertising message that results in 25 percent of the brand-aware prospects trying the Glazer. He further estimates that 40 percent of all triers will become loyal users, and the cost of exposing one percent of the target population to one impression is $4500. What is the advantage of Marco's budgeting method, and why do you think marketers sometimes prefer methods without this advantage?
Which of the following is not one of the reasons auditors should consider the use of CAATs?
A. ISACA standards require IS auditors to obtain sufficient, reliable, and relevant evidence, and should perform appropriate analysis of this evidence. B. GAAS requires auditors to gather sufficient and appropriate evidence in the course of audit field work. C. The IIA professional practices state that auditor must consider the use of technology-based auditing tools when conducting audits. D. GAAP stipulates that audits should be performed using tools and techniques appropriate to the evidence being reviewed.
Mail panels are being gradually replaced by ________ panels in many parts of the world
A) scanner B) diary C) media D) Internet
You expect KT industries (KTI) will have earnings per share of $5 this year and expect that they will pay out $1.25 of these earnings to shareholders in the form of a dividend
KTI's return on new investments is 13% and their equity cost of capital is 15%. The expected growth rate for KTI's dividends is closest to ________. A) 11.3% B) 9.8% C) 5.9% D) 3.9%