What the change in account balances of these two accounts

Assignment Help Accounting Basics
Reference no: EM132860285

Question - Prepaid insurance accounts had a beginning balance of P45,000. At the end of the accounting period, it had a balance of P7,500. Accumulated depreciation had a balance beginning balance of P30,000 and an end of the period balance of P45,000. What the change in account balances of these two accounts resulted in total expenses changing?

Reference no: EM132860285

Questions Cloud

Discuss the company deferred tax liability strategy : Discuss the company's deferred tax liability strategy going forward. Which rate should the company use, and why should they use that rate
Compute the machinery and equipment : Based on the above information and the result of your audit, compute for the following as of December 31, 2020 - Machinery and equipment
Marjory stoneman douglas high school massacre essay : Nikolas Cruz was alleged to have committed a massacre at Marjory Stoneman Douglas High School in Parkland, Florida
Briefly compare and contrast sarty snopes : Write a 3-5 paragraph essay in which you briefly compare and contrast Sarty Snopes' moral and psychological maturation with that of one other character
What the change in account balances of these two accounts : Accumulated depreciation had a balance beginning balance of P30,000 and an end of the period balance of P45,000. What the change in account balances
Explain how crime victims rights affect : Explain how crime victims' rights affect your selected role and the role's professional standards.
Boy stabbed and killed : In August of 2014, a 12-year-old boy stabbed and killed 9-year-old boy on a Michigan playground. Prosecutors have decided to charge the 12-year-old as an adult.
Calculate gain or loss on disposal : Reversing Rapids has tax rate of 30%. The asset is sold at the end of year 4 for $14,380, what is cash flow from disposal? Calculate gain or loss on disposal
Hypothetical or actual crime issue : Describe the concept of target backcloth and how is applies to your hypothetical or actual crime issue. Apply the concept to both victims and offenders.

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.

  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!

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