Question
39. The ending balance in the account Prepaid Insurance is expected to report which of the following? A. The Accrued Amount Of Insurance Expense B.
39. The ending balance in the account Prepaid Insurance is expected to report which of the following? A. The Accrued Amount Of Insurance Expense B. The Original Amount Of The Insurance Premiums Paid C. The Expired Portion Of The Insurance Premiums Paid D. The Unexpired Portion Of The Insurance Premiums Paid
40. An 8% $100,000 bond dated January 1, 2021 and maturing on December 31, 2030 was issued at 92. The bond will pay interest each June 30 and December 31 over the 10-year life of the bond. The total of the semiannual interest payments over the 10-year period will be $__________. The total amount of interest expense reported over the 10-year period will be $__________. A. $4,000 and $80000 B. $4,000 and $88,000 C. $8,000 and $80,000 D. $8,000 and $88,000
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