Author Question: Prepaid insurance is reported on the balance sheet as a a. current asset b. fixed asset c. ... (Read 176 times)

schs14

  • Hero Member
  • *****
  • Posts: 569
Prepaid insurance is reported on the balance sheet as a
 a. current asset
  b. fixed asset
  c. current liability
  d. long-term liability

Question 2

A master budget ________.
 
  A) is the initial plan of what the company intends to accomplish in the period and evolves from
  both the operating and financing decisions
  B) is a substitute for the management functions of planning and coordination
  C) improves companies' market capitalization and evolves from both the investing and financing decisions
  D) provides an ethical framework for decision making



kristenb95

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

a

Answer to Question 2

Answer: A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

For a complete list of videos, visit our video library