Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a business has taken out an annual licence at a co

A business has taken out an annual licence at a cost of 4,496 which covers...

90.2K

Verified Solution

Question

Accounting

image
A business has taken out an annual licence at a cost of 4,496 which covers the period 01/08/X1 to 31/07/2. Their year end is 28/02/2. What is the value of the prepayment adjustment required at 28/02/X2? (Round to the nearest whole numben (Enter the value with no f sign, comma or decimal places)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In your opinion, was Ewing punishments proportional to the crime? Back your answer with the facts...

Finance
Q

If you tear your Achilles tendon you are damaging ECM rich tissue O connective O...

Biology
Q

For identical spheres of mass 1 kg and radius 10 cm each are placed on...

Physics
Q

W treses. Problems Helo Save & Et Submit 15 Check my work Exercise 9-7 (Algo)...

Accounting
Q

Review the financial information for the company below and compute the answers to each problem....

Accounting
Q

VanHoutte Foods bought machinery on September 10,2021, for $159,000. It was determined that the machinery...

Accounting
Q

Comprehensive Problem 5-77 (LO 5-1, LO 5-2, LO 5-3) (Static) Skip to question [The following...

Accounting
Q

PROBLEM 4-Worth TWELVE (12) points For the following case determine the ending determine the total...

Accounting
Q

Estimated Income Statements, and in and acting Por to the first month of operations ending...

Accounting
Q

Only need #5, #6, #7, #8 PLACE YOUR SPREADSHEET SOLUTION IN THE HorseyCom Excel...

Accounting
Q

Dave is your client and has come to you to prepare his tax return. During...

Accounting
Q

You are given the following information for Smashville, Inc. Cost of goods sold: Investment income:...

Finance