Determine the amount of insurance expense rujoub

Assignment Help Financial Accounting
Reference no: EM13536101

Rujoub Inc. paid $18,000 cash for one year of insurance coverage that began on November 1, 2010. Based on this information alone, determine the cash flow from operating activities that Rujoub would report on the 2010 and 2011 statements of cash flows. Also, determine the amount of insurance expense Rujoub would report on the 2010 income statement and the amount of prepaid insurance (an asset) that Rujoub would report on the December 31, 2010, balance sheet.

Reference no: EM13536101

Questions Cloud

Calculate force required to keep test charge at the origin : A fixed line charge +λ on the x-axis extends from x = d to x = 2d, and a fixed line charge -λ on the y-axis extends from y = d to y = 2d. Find the work required to bring a test point charge Q from infinity to the origin. Does the answer depend on the..
How does the recognition of revenue on account : How does the recognition of revenue on account (accounts receivable) affect the income statement compared to its effect on the statement of cash flows?
Explain sulfuryl chloride decrease after 5 half lives : A) By what factor will the pressure of sulfuryl chloride decrease after 5 half lives. Note: The answer wants this value: (340. torr)/value = final pressure after decay. The rate constant for the decomposition at 660 K is 4.5 10-2 s-1.
Evaluate how high does she rise during this interval : A 39-kg girl is bouncing on a trampoline. During a certain interval after leaving the surface of the trampoline, How high does she rise during this interval
Determine the amount of insurance expense rujoub : Determine the amount of insurance expense Rujoub would report on the 2010 income statement and the amount of prepaid insurance (an asset) that Rujoub would report on the December 31, 2010, balance sheet.
Obtain how much has the vertical height of skater changed : A 62.3-kg skateboarder starts out with a speed of 2.22 m/s. He does 108 J of work on himself by pushing with his feet against the ground. How much has the vertical height of the skater changed
Determine the amount of revenue sanderson would report : determine the amount of revenue Sanderson would report on the 2010 and 2011 income statements.
Estimate the steady state production rate : An oil production well produces from a formation that is 10 ft thick and has a permeability to oil of 50 millidarcies. The well produces only oil. Estimate the steady state production rate in bbl/day, assuming that the pressure (P) at the effective d..
Find the change in the skier gravitational potential energy : A 76.2-kg skier rides a 2520-m-long lift to the top of a mountain. find the change in the skier's gravitational potential energy

Reviews

Write a Review

Financial Accounting Questions & Answers

  Assume the roles of brent and den

The request should specify all the details of Brent's and Den's plan that will motivate the bank to grant the loan. Include a budgeted income statement for the first six months of the copy centre's operation.

  What was the average selling price

What was the average selling price of each share of common stock and How many shares of stock are outstanding, What amount should be reported for stockholders' equity

  Complete the following exercise submit journal entries in

complete the following exercise. submit journal entries in an excel file and written segments in an ms word document.

  Evaluate the key financial targets

Since a number of the transactions that have not been processed affect debt and/or equity, the CFO is concerned that these key financial targets continue to be met.

  What type of strategy do you believe abc is pursuing

Based on this information, do you believe ABC's increase in operating income in 2014 is consistent with the strategy you identified in part a

  Provide advise the company to accept first

Provide advise the company to accept first, those for A, for B, or for C? Which orders second? Third?

  Briefly describe other methods of obtaining the cash

Prepare a brief memo (no more than 120 words) giving the arguments for and against offering this preferred stock. In the memo also briefly describe other methods of obtaining the cash.

  Question ac consulting company has purchased a new 15000

question ac consulting company has purchased a new 15000 copier. this overhead cost may be shared by the purchasing

  How many units will the company have to sell

If the company is able to reduce variable costs by $2.50 per unit in 2012 and other costs and unit revenues remain unchanged, how many units will the company have to sell in order to earn a net profit of $60,000?

  What is the book value of myers and myers

What is the book value of Myers and Myers as of December 31, 2011 and what is the value of Myers and Myers as a going concern

  How would change if wqp was an unincorporated

How would your answer change if WQP was an unincorporated sole-proprietorship? Please give the taxable income generated by the business.

  Explain from a public interest theory perspective

Explain from a public interest theory perspective the rationale for the government introducing the legislation and how the government will ultimately assess whether any proposed legislation should actually be introduced.

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