Business

Natasha Burke

16 October, 22:27

On january 1, 2014, ryan company paid the premium on a four-year insurance policy in the amount of $6,400. at that time, the full amount paid was recorded as prepaid insurance. after recording the adjusting entry for the insurance policy on december 31, 2014, what would be the balance in ryan company's prepaid insurance account?

+5

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “On january 1, 2014, ryan company paid the premium on a four-year insurance policy in the amount of $6,400. at that time, the full amount ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

A group of students launch a campaign to reduce malaria. the campaign's theme is "malaria kills: why aren't you stopping it?" and is targeted at the general public.

What is the expected salary range for ocean engineer from entry level to being at the top of their field?

Your landscaping company can lease a truck for $7,300 a year (paid at year-end) for 5 years. It can instead buy the truck for $32,000. The truck will be valueless after 5 years. The interest rate your company can earn on its funds is 6%.

Which three tags does Google Analytics require for accurate campaign tracking? a. Medium, Source, and Content b. Medium, Source, and Campaign c. Campaign, Content, and Term d. Source, Content, and Term

Officers should use force A. rarely B. frequently C. only to protect others D. as a last resort

New Questions in Business

Richard hires Paul to paint his kitchen in two eight-hour days of work for $500. At the end of the first day, the kitchen is 85 percent complete. Richard asks Paul to stay late and finish.

A manager demonstrates when he listens carefully to his subordinates and works to build trusting relationships.

On March 1, 2017, Boyd Company acquired real estate, on which it planned to construct a small office building, by paying $80,000 in cash.

A. Assume that the risk-free rate is 8 percent, the required rate of return on the market (or an average-risk stock) is 13 percent, and the required rate of return on Acme Healthcare stock is 15 percent.

taxes: a. are unlikely to affect market supply and demand b. are copmulsory payments to governments c. never affect efficiency in the allocation of resourcesd. are voluntary payments to governments