Determine which accounts is considered a permanent account

Assignment Help Financial Accounting
Reference no: EM132478560

Question 1: Which of the following accounts is considered a permanent or real account?

Option A. Interest Revenue

Option B. Prepaid Insurance

Option C. Insurance Expense

Option D. Supplies Expense

Reference no: EM132478560

Questions Cloud

Conduct a study utilizing qualitative research design : Suppose you are going to conduct a study utilizing Qualitative Research Design: which type of research would you use, and which method would you utilize.
What are the organisms most likely to cause an uti : Shelly is a 4-year-old preschooler who lives with her parents and younger brother. She and her brother attend a local daycare center during the week while.
Determining what technology should be developed : Technology has already dramatically transformed health care, shaping both consumer and provider expectations. With advances in technology, however.
What type of analysis you conduct in your research studies : What type of analysis you are conducting in your research studies? What are the advantages and disadvantages of both inferential analysis and qualitative.
Determine which accounts is considered a permanent account : Determine which accounts is considered a permanent account? Interest Revenue, Prepaid Insurance, Insurance Expense, Supplies Expense
Describe the community nursing practice model : How do you see the benefit of using both the Community Nursing Practice Model and Locsin's Technological Competency as Caring in Nursing in today's nursing.
Determine how much gross profit the company : Determine how much gross profit the company would report during the month of January before any adjustment is made for the overhead balance.
Unit 5 Cyber Security Assignment : Unit 5 Cyber Security Assignment help and solution, ATHE Level 5 Diploma in Computing - assessment writing service - An analysis of current cyber security risks
Describe what type of organization you wish to work for : Please describe what type of organization, leader, or unit you wish to work for. I wish to work for the OR (operating room) Nurse.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Explain why the npv of a relatively long-term project

Explain why the NPV of a relatively long-term project, defined as one for which a high percentage of its cash flows are expected in the distant future

  Question using the internet evaluate a recent case in the

question using the internet evaluate a recent case in the news about business fraud that involved systems andor

  Amount of cash should appear on unique globes balance sheet

Prepare a bank reconciliation for Unique Globe, Inc., as of May 31, 2011. Prepare the entries in journal form necessary to adjust the accounts. What amount of cash should appear on Unique Globe’s balance sheet as of May 31?

  Explain why starting a large number of wafers into product

Explain why starting a large number of wafers into production will boost profit even though the chips that ultimately result from the wafers are ones that have not been sold or even completed. Is the company's approach to boosting profit ethical?

  Calculate the cost of ending work in process

At the start of November, Penco Refinery had Work in Process inventory consiting of 4,000 units that were 70% complete with respect to materials and 50% complete with respect to conversion costs. Calculate the cost of items completed during November...

  Describe the reasons for the suggested investment

A Critical Appraisal and Evaluation of the Legal and Practical Methods for Transferring Loans in a Syndicated Loan Participation Agreement

  What are the total operating cash flows

Question: What are the total operating cash flows, given the following operating cash flows

  Most likely results from this redemption

Nickel Inc. bought $400,000 of 3-year, 9% bonds as an investment on December 31, 2012 for $436,000. Nickel uses straight-line amortization. On May 1, 2013, $80,000 of the bonds were redeemed at 115. How much, and what type of gain or loss, most likel..

  Simple capital structure

Assuming that Susan has a marginal tax rate of 30%, the net effect of her having this hobby will be to increase her total tax liability by:

  What was net capital spending in 2015

The company's 2015 statement of comprehensive income showed a depreciation expense of $345,000. What was net capital spending in 2015?

  Compute the missing balance sheet amounts

Balance sheet relations. Selected balance sheet amounts for Kajima Corporation, a Japanese construction firm, are shown in the following table for four recent years -

  Cash basis to the accrual basis

A company switched from the cash basis to the accrual basis for recognizing warranty expense. The unrecorded liability for warranties was $2.1 million at the beginning of the year. Its tax rate is 35%. The company booked a year-end warranty liability..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd