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    Financial Accounting Information for Decisions
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    Exam 3: Adjusting Accounts for Financial Statements
  5. Question
    On December 31,the Balance in the Prepaid Subscription Account Was
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On December 31,the Balance in the Prepaid Subscription Account Was

Question 87

Question 87

Multiple Choice

On December 31,the balance in the Prepaid Subscription account was $648.This is the remaining balance of a 12-month subscription purchased on September 30 in the current year.How much did this subscription originally cost?


A) $72
B) $648
C) $7,776
D) $864
E) $1,512

Correct Answer:

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