Reidgewood company had the following ending balances on its financial statements: 2018 2019 2020 Prepaid insurance $1,400 $900 $1,100 Insurance expense $12,500 $12,800 $12,600.how much did ridge wood pay for insurance during 2019? Ridgewood Company had the following ending balances on its financial statements: 2018 2019$1,400 $ 900 $1,100 Insurance expense $12,500 $12,800 $12,600How much did Ridgewood pay for insurance during 2019?$10,700A$12,300В$10,900с$12,100

Insurance expenses refers to the used amount of the insurance. It is the amount paid for the…

Ridgewood Company had the following ending balances on its financial statements: 2018 2019 $1,400 $ 900 $1,100 Insurance expense $12,500 $12,800 $12,600 How much did Ridgewood pay for insurance during 2019? $10,700 A $12,300 В $10,900 с $12,100

Ridgewood Company had the following ending balances on its financial statements: 2018 2019 $1,400 $ 900 $1,100 Insurance expense $12,500 $12,800 $12,600 How much did Ridgewood pay for insurance during 2019? $10,700 A $12,300 В $10,900 с $12,100

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 3MC

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How did they get 12 million from this question? Explain
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