Introduction to Adjusting Journal Entries and Prepaid Expenses Video Lessons

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Problem: 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.

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Problem Details

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.

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Based on our data, we think this problem is relevant for Professor Reinking's class at UCF.