« previous next »

Author Question: The adjusting entry for expired or used insurance will increase the Insurance Expense account. a. ... (Read 79 times)

captainjonesify

  • Hero Member
  • *****
  • Posts: 543
on: Jul 6, 2018
The adjusting entry for expired or used insurance will increase the Insurance Expense account.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

The Public Utilities Enterprise Fund was ordered by the court to pay environmental damages of 500,000 . The fund is to pay 100,000 immediately and the remaining 400,000 in equal installments for four additional years.
 
  In the year of the judgment, the Enterprise Fund would report
  a. 500,000 in expenses.
  b. 400,000 in liabilities.
  c. 100,000 in expenses.
  d. both items a and b.
  e. both items b and c.


bpool94

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jul 6, 2018
Answer to Question 1

True

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

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?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Changes in Synaptic Density From Birth to Age 2 Synaptic connections increase throughout the first Changes in Synaptic Density From Birth to Age 2 Synaptic connections increase throughout the first
Gossip and ridicule increase the status insecurity of this time of life. Gossip and ridicule increase the status insecurity of this time of life.
Sample of an insurance card. Sample of an insurance card.
Mean scores for Erikson’s stage V (Identity) for two cohorts. Scores for both cohorts increase ... Mean scores for Erikson’s stage V (Identity) for two cohorts. Scores for both cohorts increase ...
Effect of an Increase in Technological Progress Effect of an Increase in Technological Progress
Regulation of Bacteriophage Entry into the Lytic or Lysogenic Cycle Regulation of Bacteriophage Entry into the Lytic or Lysogenic Cycle
Video: Skin Cancer

For a complete list of videos, visit our video library