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just write the final answers Rushing had income of $207 million and average invested assets of $2,000 million. Its return on assets is: 3 Multiple

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Rushing had income of $207 million and average invested assets of $2,000 million. Its return on assets is: 3 Multiple Choice its 01:19:18 10.4% 20.7% 10% On May 1, a two-year insurance policy was purchased for $24,000 with coverage to begin immediately. What is the amount of insurance expense that would appear on the company's income statement for the first year ended December 31? Multiple Choice $9,000 $1,000 O $7,000 5 The Retained earnings account has a credit balance of $50,000 before closing entries are made. Total revenues for the period are $68,200, total expenses are $46,300, and dividends are $14,200. What is the correct closing entry for the revenue accounts? 1.75 points Multiple Choice 01:18:12 Debit Revenue accounts $68,200, credit Retained earnings $50,000. Debit Income Summary $50,000 credit Retained earnings $50,000. Debit Income Summary $68,200, credit Revenue accounts 568,200

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