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The income statement of Dolan Corporation for 2020 included the following items: The following balances have been excerpted from Dolan Corporation's balance sheets: The cash
The income statement of Dolan Corporation for 2020 included the following items:
The following balances have been excerpted from Dolan Corporation's balance sheets:
The cash paid for insurance premiums during 2020 was
Answers: | A. $22,000. |
B. $20,400. | |
C. $19,000. | |
D. $18,200. |
Please explain how you got the answer. Thank you.
There is NO balance sheet or income statement included in the question. This was all the information that the question gave me.
Question 6 O out of 10 points ? The income statement of Dolan Corporation for 2020 included the following items: Interest revenue Salaries and wages expense Insurance expense $141.000 210.000 21,200 The following balances have been excerpted from Dolan Corporation's balance sheets: Interest receivable Salaries and wages payable Prepaid insurance December 31, 2020 $18,200 17.800 2,200 December 31, 2019 $15,000 8,400 3,000 The cash paid for insurance premiums during 2020 was Answers: A. $22,000. B. $20,400. C. $19,000. D. $18,200
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