Which of the following accounts increases with a debit?
A) Prepaid Rent
B) Interest Payable
C) Accounts Payable
D) Common Stock
Answer: A) Prepaid Rent
Business
You might also like to view...
Stories Company purchased equipment and these costs were incurred: Cash price $22,500 Sales taxes 1,800 Insurance during transit 320 Installation and testing 430 Total costs $25,050 Stories will record the acquisition cost of the equipment as
a. $22,500. b. $24,300. c. $24,620. d. $25,050.
Business
Which statement is (are) true concerning catastrophe models? I. Businesses other than insurance companies use catastrophe models. II. Catastrophe models are able to precisely predict disaster occurrences and loss values
A) I only B) II only C) both I and II D) neither I nor II
Business