On May 1 of Year 1, the company paid $2,400 cash for rent. This $2,400 rental payment covers the period from May 1 of Year 1 to April 30 of Year 2. On May 1, the payment of the cash was recorded as an asset, Prepaid Rent. Which ONE of the following would be included in the ADJUSTING journal entry necessary on December 31 with respect to this prepaid rent
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Business, 22.06.2019 20:00
If a hotel has 100 rooms, and each room takes 25 minutes to clean, how many housekeepers working 8-hour shifts does the hotel need at 50 percent occupancy?
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Business, 22.06.2019 20:00
Double corporation acquired all of the common stock of simple company for
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Business, 23.06.2019 00:20
E11-2 (multiple choice) identify the best answer for each of the following: which of the following statements about internal service fund liabilities is false? internal service funds may report both current and long-term liabilities. internal service funds may not issue bonds for financing purposes. internal service funds may report contingent liabilities. due to other funds would be reported as a current liability
Answers: 3
Business, 23.06.2019 01:40
The new york times (nov. 30, 1993) reported that “the inability of opec to agree last week to cut production has sent the oil market into turmoil . . [leading to] the lowest price for domestic crude oil since june 1990.” why were the members of opec trying to agree to cut production? so they could save more oil for future consumption so they could lower the price so they could raise the price why do you suppose opec was unable to agree on cutting production? because each country has a different production capacity because each country experiences different production costs because each country has an incentive to cheat on any agreement the newspaper also noted opec’s view “that producing nations outside the organization, like norway and britain, should do their share and cut production.” what does the phrase “do their share” suggest about opec’s desired relationship with norway and britain? opec would like norway and britain to keep their production levels high. opec would like norway and britain to act competitively. opec would like norway and britain to join the cartel.
Answers: 2
On May 1 of Year 1, the company paid $2,400 cash for rent. This $2,400 rental payment covers the per...
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