On April 1, Year 1, Colonial Bookstore bought an insurance policy costing $24,000 that would insure the retail building for two years against fire loss. What asset account and what amount are recorded on the balance sheet at December 31, Year 1?
a. Prepaid Insurance, $15,000
b. Insurance Expense, $15,000
c. Prepaid Insurance, $9,000
d. Insurance Expense, $9,000
e. Prepaid Insurance, $12,000
A
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Haffner Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory 500 Materials costs$7,800 Conversion costs$9,100 Percent complete with respect to materials 85%Percent complete with respect to conversion 55%Units started into production during the month 7,000 Units transferred to the next department during the month 6,100 Materials costs added during the month$102,700 Conversion costs added during the month$184,000 Ending work in process inventory: Units in ending work in process inventory 1,400 Percent complete with respect to materials 60%Percent complete with
respect to conversion 50% The total cost transferred from the first processing department to the next processing department during the month is closest to: A. $332,835 B. $270,706 C. $287,100 D. $304,000
All of the following are advantages of renting versus buying a home except
A) mobility. B) no property taxes. C) not responsible for home repairs or maintenance. D) control over remodeling and decorating decisions. E) no risk of falling housing prices.
Asking an insecure follower to participate will typically lessen their insecurity.
Answer the following statement true (T) or false (F)
Answer the following statement(s) true (T) or false (F)
Ecopreneurship is a combination of ecologically and economically sustainable development.