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On November 1, 2018, Dr. Park Co. paid $12,400 representing insurance premium for the months of November through February Prepaid insurance was debited. This type

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On November 1, 2018, Dr. Park Co. paid $12,400 representing insurance premium for the months of November through February Prepaid insurance was debited. This type of prepaid expense is sometimes referred to as a (an): A. Accrual B. Deferral C. Estimate D. None of the above

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