26) Insurance premium paid in advance to insurance company is an example of: a. Accrued revenue b. Accrued expense c. Prepaid expense d. Outstanding expense
26) Insurance premium paid in advance to insurance company is an example of: a. Accrued revenue b. Accrued expense c. Prepaid expense d. Outstanding expense
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 11MC: Rent paid in advance is an example of which of the following? A. accrued expense B. accrued revenue...
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Question
26) Insurance premium paid in advance to insurance company is an example of:
a.
Accrued revenue
b.
Accrued expense
c.
Prepaid expense
d.
Outstanding expense
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