Question
Busy Bee Company's financial statements show the following: Insurance expense.........$8,000 Prepaid insurance: Beginning-of-year.....$1,000 End-of-year...........$4,000 The amount of cash paid for insurance during the year was:
Busy Bee Company's financial statements show the following:
Insurance expense.........$8,000
Prepaid insurance:
Beginning-of-year.....$1,000
End-of-year...........$4,000
The amount of cash paid for insurance during the year was:
A $3,000
B $5,000
C $11,000
D $13,000
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Accounting Essentials For Hospitality Managers
Authors: Chris Guilding
3rd Edition
0415841097, 978-0415841092
