Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 22, 2024

A business has taken out an annual licence at a cost of 9,496 which covers the period 01/08/X1 to 31/07/X2. Their year end is 28/02/X2.

A business has taken out an annual licence at a cost of 9,496 which covers the period 01/08/X1 to 31/07/X2. Their year end is 28/02/X2. What is the value of the prepayment adjustment required at 28/02/X2?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Walter B. Meigs, A. N. Mosich, Robert F. Meigs

2nd Edition

0070412901, 978-0070412903

More Books

Students also viewed these Accounting questions

Question

★★★★★

(a) For n = 3 let X3 = {1, 2, 3}. Now consider the sum where pA denotes the product of all elements in a nonempty subset A of X3. Note that the sum is taken over all the nonempty subsets of X3....

Answered: 1 week ago

Question

★★★★★

Calculate the amount of heat required to completely sublime 50.0 g of solid dry ice (CO 2 ) at its sublimation temperature. The heat of sublimation for carbon dioxide is 32.3 kJ/mol.

Answered: 1 week ago

Question

★★★★★

How is a one-sided confidence interval different from a two-sided confidence interval?

Answered: 1 week ago

Question

★★★★★

Steelcase Inc. is one of the largest manufactures of office furniture in the United States. In Grand Rapids, Michigan, it produces filing cabinets in two departments: Fabrication and Trim Assembly....

Answered: 1 week ago

Question

★★★★★

A construction company disposed of equipment for $14,200 cash dated April 1, 2005 that had cost $35,000 on January 1, 2001. The equipment had a salvage value of $5,000 with a useful life of 10 years....

Answered: 1 week ago

Question

★★★★★

8 8. There are three typical ways to use nonces as challenges. Suppose Na is a nonce generated by A,A and B share key K, and f() is a function (such as increment). The three usages are

Answered: 1 week ago

Question

★★★★★

PROBLEM 6. (20 points) Assume a solution of boron and water. Density of water is 1.0 g/cm and the concentration of natural boron is 72g/cm. This solution is exposed to a source of thermal neutrons...

Answered: 1 week ago

Question

★★★★★

a) What is the cost per kg of oranges for each supplier? b) Which is the cheapest supplier and which is the most expensive supplier? c) List the priority in which you will purchase from each...

Answered: 1 week ago

Question

★★★★★

In a survey of 1050 U.S. adults, 588 said that chocolate was their favorite ice cream flavor. Construct a 95% CI for the population proportion of U.S. adults who say chocolate is their favorite ice...

Answered: 1 week ago

Question

★★★★★

7. You elect extended payment of a student loan at 4.14% APR, and your monthly payment is $493.11. What would your monthly payment be on this loan if you elected standard repayment instead?

Answered: 1 week ago

Question

★★★★★

Assumingthatthecodegeneratorpolynomialis g ( x )=1+ x 2 + x 3 fora(7,4)code,findthelinear block code generator matrix G and the parity check matrix H .For a message m = 1011find the transmitted code...

Answered: 1 week ago

Question

★★★★★

2. If your boss is so demanding that you have to lie to protect family time, will you do it? For example, if you have to miss a staff meeting or refuse a business trip to fulfill the needs of your...

Answered: 1 week ago

Question

★★★★★

3. If you were the employer, how would you handle each of the instances above?

Answered: 1 week ago

Question

★★★★★

You have discovered that your boss lied on her rsum about her academic credentials. She is being considered for a new position in your organization, but you believe you are more qualified than she...

Answered: 1 week ago

Previous Question Next Question