Essay
Classify the following items as: 1. prepaid expense,2. unearned revenue,3. accrued expense,or 4. accrued revenue.
a. fees received but not yet earned
b. fees earned but not yet received
c. paid premium on a one-year insurance policy
d. property tax owed to be paid beginning of next year
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a . 2 unearned reve...View Answer
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Correct Answer:
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