What was balance in eve prepaid insurance

Assignment Help Financial Accounting
Reference no: EM13143851

Eve's Apples opened business on January 1, 2012, and paid for two insurance policies effective that date. The liability policy was $63,000 for eighteen-months, and the crop damage policy was $24,000 for a two-year term. What was the balance in Eve's prepaid insurance as of December 31, 2012?

Reference no: EM13143851

Questions Cloud

What effect does this transaction have on the accounting : Suppose a corporation issues 5,000 shares of $1 par common stock for $30 per share. In addition to the increase in cash, what effect does this transaction have on the accounting equation?
Define fuel inector to mix the fuel with air : An automobile engine requires a carburetor or fuel inector to mix the fuel with air. The fuel and air must be mixed in a particlar ratio to achieve maximum efficiency in the combustion of the fuel.
True percent of workers in city have full health insurance : A random sample of 900 workers in a particular city found 342 workers who had full health insurance coverage. Find a 95% confidence interval for the true percent of workers in this city who have full health insurance coverage.
What was balance in eve prepaid insurance : The liability policy was $63,000 for eighteen-months, and the crop damage policy was $24,000 for a two-year term. What was the balance in Eve's prepaid insurance as of December 31, 2012?
What was balance in eve prepaid insurance : The liability policy was $63,000 for eighteen-months, and the crop damage policy was $24,000 for a two-year term. What was the balance in Eve's prepaid insurance as of December 31, 2012?
Define the complete combustion of acetylene : The air we breathe is approximetly 20% oxygen. the reaction for the complete combustion of acetylene is 2C2H2 + 5O2 ------> 4CO2+ 2H2o
Total cost recovery deduction problem : Augie purchased one new asset during the year (five-year property) on November 10, 2009, at a cost of $600,000. She made the § 179 election. The income from the business before the cost recovery deduction and the § 179 deduction was $500,000. Dete..
What amount does company record the building for : company buys building for $173,000 for propety tax purposes in exchange for 10,000 share of $4 par common stock, what amount does the company record the building for?
How many joules energy are necessary to boil the water : a sample of H2O with a mass of 46.0 grams has a temperture of 100 c. how many joules energy are necessary to boil the water

Reviews

Write a Review

Financial Accounting Questions & Answers

  Evaluate the shareholder''s equity

Evaluate the Shareholder's Equity and determine for the given data the Break- even point in Units and in Dollars

  Evaluate the irs position

The IRS has examined your client's return and has taken the position that she must include the $50,000 in her gross income. Evaluate the IRS's position

  What will daze production after adjustment have to be

Taking current inventory into account, what will Daze's Production After Adjustment have to be in order to have a 10% reserve of units available for sale?

  What should robertson record as an impairment loss on july

If no active market exists for the machine and the company does not plan to dispose of it, what should Robertson record as an impairment loss on July 1, 2012?

  Is there any profit built in to the value of work in process

Is there any profit built in to the value of Work In Process Inventory? Isn't WIP simply the costs incurred on the goods and any progress billings received would be shown as deferred income - until completion?

  Compute the total asset turnover rate

Prepare a classified balance sheet with a proper heading on a spreadsheet. For assets, use the classifications of current assets, plant and equipment, intangibles, and other assets. For liabilities, use the classifications of current liabilities a..

  Illustrate which is cheaper for the company to buy or lease

The company’s weighted average cost of capital is 12% and payments are made at the end of each month. Illustrate which is cheaper for the company: to buy or lease real estate? Show your computations.

  Explain how is it treated from a tax point of view

Under what condition is forgiveness of indebtedness not included in taxable income? If the forgiveness of indebtedness is not taxable, explain how is it treated from a tax point of view?

  Indicates the effect on the companys total operating income

Prepare a report that indicates the effect on the company's total net operating income of buying part F77 from the supplier rather than continuing to make it inside the company.

  Prepare the essential entries to clear the intangible assets

Prepare the essential entries to clear the Intangible Assets account and to set up separate accounts for distinct types of intangibles. Make the entries as of December 31, 2015, recording any essential amortization.

  Illustrate what price for lemonade would equate

Using a theory of constraints (TOC) approach, rank the products in terms of profitability. Illustrate what price for lemonade would equate its profitability to that of soda?

  Evaluate for each plan earnings per share of common stock

Evaluate for each plan the earnings per share of common stock, assuming that the income before bond interest and income tax is $2,000,000.

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