On March 1, a Business Paid $3,600 for a Twelve

question 19

Essay

On March 1, a business paid $3,600 for a twelve month liability insurance policy. On April 1 the same business entered into a two-year rental contract for equipment at a total cost of $18,000. Determine the following amounts:
(a) insurance expense for the month of March
(b) prepaid insurance as of March 31
(c) equipment rent expense for the month of April
(d) prepaid equipment rental as of April 30

Understand the concept and characteristics of shared leadership.

Differentiate between traditional and shared approaches to leadership.

Recognize the importance of leadership competencies in identifying leadership potential and performance.

Appreciate the behavioral perspective on leadership effectiveness regarding participative and achievement-oriented styles.