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As Alana was reading about the physical changes of puberty,she paused now and then to try to remember her own experiences and the ways they did and did not fit with her reading.Alana is making use of a learning strategy called
Accrued Expenses
Expenses that have been incurred but not yet paid or recorded in the accounting period they relate to.
Insurance Expense
The cost incurred by a company to insure its assets and operations.
Adjusting Entry
Recording entries in journals at an accounting period's end to distribute income and expenses to the actual period of occurrence.
Prepaid Insurance
Refers to payments made in advance for insurance coverage, recognized as an asset on the balance sheet until the coverage period lapses.
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