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    Intermediate Accounting Study Set 4
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    Exam 2: Review of the Accounting Process
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    Making Insurance Payments in Advance Is an Example Of
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Making Insurance Payments in Advance Is an Example Of

Question 89

Question 89

Multiple Choice

Making insurance payments in advance is an example of:


A) An accrued receivable transaction.
B) An accrued liability transaction.
C) An unearned revenue transaction.
D) A prepaid expense transaction.

Correct Answer:

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