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Description: 28. Insurance premium paid in advance to insurance company is an example of:a.Prepaid expenseb.Outstanding expensec.Accrued revenued.Accrued expense

Business

Accounting

Insurance premium paid in advance to insurance company is an example of: a. Prepaid expense b. Outstanding expense c. Accrued revenue d. Accrued expense

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

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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