Beta purchased an insurance policy on 1/1/15 and paid a five-year premium for $200. The full purchase price was incorrectly recorded immediately as Insurance Expense. The error was discovered on 1/1/18. Prepare the journal entry that would correct assets and retained earnings as of 1/1/18.

Aminor has the legal right to repudiate

Aggart technologies is considering issuing new common stock and using the proceeds to reduce its outstanding debt. the stock issue would have no effect on total assets, the interest rate taggart pays, ebit, or the tax rate. which of the following is likely to occur if the company goes ahead with the stock issue? a. the roa will decline.b. taxable income will decline.c. the tax bill will increase.d. net income will decrease.e. the times-interest-earned ratio will decrease

What is a sales lead? a. an employee on the customer service team who deals with existing customers b. a sales person who works on a residual commission structure c. an expert in maslow's hierarchy of needs d. a potential customer who has shown interest in the company's product