Allied,Inc

question 104

Multiple Choice

Allied,Inc.bought a 2-year insurance policy on August 1 for $3,600.The adjusting entry on December 31 would be:

• A)debit Insurance Expense,$150;credit Prepaid Insurance,$150.
• B)debit Prepaid Insurance,$150;credit Insurance Expense,$150.
• C)debit Insurance Expense,$750;credit Prepaid Insurance,$750.
• D)debit Prepaid Insurance,$750;credit Insurance Expense,$750.

Explain the principle of moderation and its significance in Aristotle's philosophy.

Describe Aristotle's perspectives on virtues and their role in ethics.

Distinguish Aristotle's ethical theory from other ethical theories focusing on duties, consequences, and character.

Comprehend and articulate the concept of quandary ethics and spheres of existence within Aristotle's philosophy.

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Definitions:

FUTA

The Federal Unemployment Tax Act (FUTA) is a United States federal law that imposes a payroll tax on employers to fund state workforce agencies.

Unemployment Taxes

Taxes paid by employers to fund the unemployment benefits, based on the number of employees and the history of layoffs.

Employer's Payment History

A record of all the payments made by an employer, including wages, taxes, and contributions.

Ceiling

The maximum limit on the price, wage, or other variable typically set by a government or regulatory body.