User Account

All Pages

How would the financial position as of december

Assignment Help Accounting Basics
Reference no: EM132465645

Question problem 1: On March 1, 2009, the premium on a two-year insurance policy on equipment was paid amounting to $1,800. How would the financial position as of December 31, 2009 (the end of the accounting period) be affected if the accountant did not record the adjusting entry?

Select one:

a. No accounts will be affected.

b. Assets understated by $1,500; Liabilities unaffected; Owners' equity understated by $750.

c. Assets understated by $750; Liabilities unaffected; Owners' equity understated by $750.

d. Assets overstated by $750; Liabilities unaffected; Owners' equity overstated by $750.

Reference no: EM132465645

Questions Cloud

What is the expected dollar increase for expenses : What is the expected dollar increase for expenses next year? You may answer to the nearest whole dollar.
We can sell the new truck for 1500 at the end : We can sell the new truck for 1500 at the end of the third year. The tax rate is 40% and the WACC is 10%. Should we replace the truck?
Determining the profit in yen from the trade : Takeshi Kamada, Credit Suisse (Tokyo), observes that the ¥/$ spot rate has been holding steady, and both dollar and yen interest rates have remained relatively
What is the implied forward rate : Problem: The following information has been collected from the respective areas:
How would the financial position as of december : How would the financial position as of December 31, 2009 (the end of the accounting period) be affected if the accountant did not record the adjusting entry?
Completing a complete pricing analysis of the car : AvtoVAZ OAO, a leading auto manufacturer in Russia, was launching a new automobile model in 2001, and is in the midst of completing a complete pricing analysis
Calculate bond corporation of current ratio : Calculate Bond corporation had a current ratio of 1.2, and the current assets and current liabilities were $150,000 and $125,000, respectively
What are the expected price levels and e : Suppose that a basket of consumer goods has values P0D = 100 and P0F = 1 in currencies D and F, so that S0D/F = D100/F. Expected inflation
How much of the potential tax liability is ben liable for : Trudy has unreported income on which she owes $50 of income tax. How much of the $430 potential tax liability is Ben liable for?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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