When prepaid insurance has been used, the following adjustment will be necessary: a. Increase insurance expense, decrease

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When prepaid insurance has been used, the following adjustment will be necessary:

a. Increase insurance expense, decrease cash.

b. Increase prepaid insurance, decrease insurance expense.

c. Increase insurance expense, increase prepaid insurance.

d. Increase insurance expense, decrease prepaid insurance.

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Financial Accounting

ISBN: 9780131492011

1st Edition

Authors: Jane L. Reimers

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