User Account

All Pages

Prepaid insurance listed under current assets

Assignment Help Financial Accounting
Reference no: EM13953319

On June 1st 2014, Cougar Corp pays for 3-years of prepaid insurance by paying $5,400. What would be the amount of prepaid insurance listed under current assets on the Cougar Corp’s 2014 Balance Sheet (as of December 31st 2014)?

a. $1,050

b. $3,600

c. $5,400

d. $1,800

 

 

Reference no: EM13953319

Questions Cloud

Find the marginal cost for the company : Find the marginal cost for the company and the marginal revenue for the company - The marginal profit for the company when 2,000 and 7,000 TV remote controls are manufactured.
Is a one- or two-sided test appropriate here : After five years, 20 new cases of breast cancer have occurred. Assume that breast cancer incidence over this time period for average American women in this age group is 7/1000. We wish to test the hypothesis that using hair dyes increases the risk..
Financial statement ratios : The following items, in alphabetical order, are available from the records of Quinn Corporation as of December 31, 2014 and 2013:
Brief description of the status of the company : Provide a brief description of the status of the company that led to its determination that a change was necessary
Prepaid insurance listed under current assets : Cougar Corp pays for 3-years of prepaid insurance by paying $5,400. What would be the amount of prepaid insurance listed under current assets on the Cougar Corp’s 2014 Balance Sheet.
What is the null hypothesis for the hypothesis test : In the general population the mean white blood count is 7250 per mm3. It is believed that persons infected with E. canis must on average have a lower white blood cell count. What is the null hypothesis for the test? Is this a one- or two-sided alt..
Which letter will be the seventeenth from your right : If the first and the second letters interchange their positions and similarly the third and the fourth letters, the fifth and the sixth letters and so on, which letter will be the seventeenth from your right? A. F B. H C. I D. S
Determining the classified balance sheet : The following balance sheet items, listed in alphabetical order, are available from the records of Singer Company at December 31, 2014:
Gershwin uses the straight line : The bonds were dated January 1, 2014, and pay interest on July 1 and January 1. If Gershwin uses the straight-line method to amortize bond premium or discount, determine the amount of interest expense

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is phoenix''s merge retained earnings balance

What is Phoenix's merge retained earnings balance at 31 st December, 2013?

  Calculation of ending cost of inventory

Calculation of ending cost of inventory and Calculation of cost per unit

  What is the amount to be capitalized as the cost

The cash equivalent price of the machine was $36,000. Hayes incurred and paid installation costs amounting to $1,500. What is the amount to be capitalized as the cost of the machine?

  Compute the current and quick ratios

Compute the current and quick ratios for each of the three companies. (Round calculations to two decimal places.) Which firm is the most liquid? Why?

  What is the impact on net operating income

What is the impact on net operating income by discontinuing housekeeping program and Input the amount as a positive value and should the housekeeping program be discontinued

  Compute the payback period for the nc equipment

Compute the payback period for the NC equipment. Compute the NC equipment's ARR. Compute the investment's NPV, assuming a required rate of return of 10 percent.

  Rondello corporation manufactures a single product the

rondello corporation manufactures a single product. the standard cost per unit of product is shown below.direct

  Make an operating budget

Purpose a cash Budget for the first two quarters and make an operating budget for the first and second quarters of operations of Terry's Equipment Center.

  Prepare a pension worksheet

At January 1, 2014, Hennein Company had plan assets of $298,000 and a projected benefit obligation of the same amount. During 2014, service cost was $36,120, the settlement rate was 10%, actual and expected return on plan assets were $28,390, contrib..

  Taxpayer reinvest and in what type of property

A warehouse was damaged in a storm. The warehouse was worth $225,000 before the casualty and $65,000 after the casualty. The taxpayer's adjusted basis in the warehouse was $77,000. The insurance company reimbursed the taxpayer $150,000 for its loss.

  How many calls were made there

A new branch in its first year opened new accounts at a rate of 40 for every 100 customer calls. The total num?if the bank opens 10,000, how many calls were made?

  What would your response be drawing on concepts from this

What would your response be, drawing on concepts from this course. What is this designation? How do you get it? How might it help someone who has a commitment to a career in accounting.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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