3 0 Required Information Exercise 5-21 (Algo) Prepaid expenses-insurance LO 5-10 [The following information applies to the questions displayed below] Part 3 of 3 1.53 points ellook Po References A company makes the payment of a one-year insurance premium of $3,744 on April 1, 2022. Exercise 5-21 (Algo) Part e e. Accounting for prepaid expenses achieves a better matching of revenues and expenses and yields a more meaningful measure. of net income. Mc H Graw True or False True False < Prev of 13 Next >