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    Exam 3: Reporting Operating Results on the Income Statement
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    On February 28,AppGame Paid for a One-Year Insurance Policy That
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On February 28,AppGame Paid for a One-Year Insurance Policy That

Question 120

Question 120

Multiple Choice

On February 28,AppGame paid for a one-year insurance policy that begins March 1.AppGame Company's entry to record this transaction includes a:


A) Prepaid Insurance.
B) debit to Cash.
C) debit to Insurance.
D) credit to paid Insurance.

Correct Answer:

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