On March 31,2020 Exacto Company Paid $5,200 for a 1-Year

question 3

Multiple Choice

On March 31,2020 Exacto Company paid $5,200 for a 1-year insurance policy.To record this transaction Exacto Company should

• A)decrease Cash and increase Insurance Expense.
• B)decrease Cash and increase Prepaid Insurance.
• C)increase Accounts Payable and increase Insurance Expense.
• D)increase Cash and increase Prepaid Insurance.

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Definitions:

Rocket Propelled Grenade

A hand-held anti-tank weapon that launches grenades propelled by rockets.

Elicit Salivation

Stimulating the production of saliva through various means, commonly associated with conditioned responses in classical conditioning experiments.

Pairing

The process of associating two events or stimuli together, often used in conditioning wherein a neutral stimulus becomes associated with a meaningful one.

Generalization

The process of applying the outcomes of specific instances to broader situations or populations, often seen in learning and reasoning.