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    Financial Accounting Study Set 17
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    Exam 3: The Accounting Cycle: End of the Period
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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 1

Question 1

Multiple Choice

Making insurance payments in advance is an example of:


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

Correct Answer:

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