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Identify Each of the Following Items as Either an Accrual

Question 140

Short Answer

Identify each of the following items as either an accrual or deferral.
a.Accrual
b.Deferral
_____ 1.Account receivable
_____ 2.Account payable
_____ 3.Prepaid insurance
_____ 4.Interest receivable
_____ 5.Prepaid advertising

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