Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 11, 2024

Which of the following accounts is considered a permanent or real account? Prepaid insurance Supplies expense Interest revenue Insurance expense

Which of the following accounts is considered a permanent or real account?

Prepaid insurance

Supplies expense

Interest revenue

Insurance expense

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

Auditing and Assurance Services

Authors: Timothy Louwers, Allen Blay, David Sinason, Jerry Strawser, Jay Thibodeau

7th edition

978-1259573286, 1259573281, 978-1260152166

More Books

Students also viewed these Accounting questions

Question

★★★★★

The following Minitab output summarizes the results of a randomized block ANOVA in which the blocks consisted of 4 different income categories, the treatments were 3 different kinds of appeals for...

Answered: 1 week ago

Question

★★★★★

T F In classical psychoanalysis, clients are asked to express whatever thought happens to come to mind, no matter how seemingly trivial or silly. (p. 67)

Answered: 1 week ago

Question

★★★★★

LO 211 What is thinking?

Answered: 1 week ago

Question

★★★★★

Sara Collier, the bookkeeper for Danner, Cheney, and Howe, a political consulting firm, has recently completed an accounting course at her local college. One of the topics covered in the course was...

Answered: 1 week ago

Question

★★★★★

Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine- hours. The company based its predetermined overhead rate for the current year on...

Answered: 1 week ago

Question

★★★★★

Companies frequently acquire assets through lease financing. U.S. GAAP has explicit standards on proper accounting of leases. What is a lease? Discuss the determinants of classifying a lease as a...

Answered: 1 week ago

Question

★★★★★

Product A accounts for 75% of a company's total sales revenue and has a variable cost equal to 60% of its selling price. Product B accounts for 25% of total sales revenue and has a variable cost...

Answered: 1 week ago

Question

★★★★★

MAKE A COST OF GOODS MANUFACTURED AND SOLD STATEMENT BASED ON THE PROBLEM 1. Problem 1 . JOB ORDER COSTING IN A MANUFACTURING COMPANY. Palmera Company is a manufacturing firm that uses job-oder...

Answered: 1 week ago

Question

★★★★★

Pharoah Corporation was organized on January 1, 2021. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 104,000 shares of $10 par value common stock. At...

Answered: 1 week ago

Question

★★★★★

When we analyze data for the census tracts in the greater Los Angeles area, we find no significant correlation between median tax bill and median lot size. Yet a considerable positive correlation...

Answered: 1 week ago

Question

★★★★★

From a point along a straight road, the angle of elevation to the top of a hill is 36. From 270 ft farther down the road, the angle of elevation to the top of the hill is 23. How high is the hill?...

Answered: 1 week ago

Question

★★★★★

Asian culture is different from that in the United States. For example, team incentives tend to be more attractive to people in Asia than are individual incentives. How do you think these cultural...

Answered: 1 week ago

Question

★★★★★

MyManagementLab onlycomprehensive writing assignment for this chapter.

Answered: 1 week ago

Question

★★★★★

What kinds of things does Gary Wheeler think a diverse workforce can contribute to a company?

Answered: 1 week ago

Previous Question Next Question