Embree Corp. purchased a four- year insurance policy on May 1, Year 2, for $ 12,000, effective immediately. The company expensed the full cost of the policy in Year 2. The correct journal entry for Year 2 (ending December 31) will include a: a. Debit to prepaid insurance of $ 10,000. b. Credit to prepaid insurance of $ 9,000. c. Debit to insurance expense of $ 3,000. d. Credit to insurance expense of $ 2,000.

Ashare stock is a small piece of ownership in a company ture or false

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?

Compare the sources of consumer credit(there's not just one answer)1. consumers use a prearranged loan using special checks2. consumers use cards with no interest and non -revolving balances3. consumers pay off debt and credit is automatically renewed4. consumers take out a loan with a repayment date and have a specific purposea. travel and entertainment creditb. revolving check creditc. closed-end creditd. revolving credit