If the Balance of Prepaid Insurance Was the Same on January

question 132

Short Answer

If the balance of prepaid insurance was the same on January 1, 2019, and December 31, 2019, then the insurance expense must have been ____________________ the cash payments made for insurance during the year.

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Definitions:

Causal Effects

The relationship or impact that one variable has in directly changing the value or outcome of another variable.

Policy

A course or principle of action adopted or proposed by an organization or individual.

Causation

The relationship between cause and effect where one event directly results in another.

Correlated

Two variables are correlated if their values tend to move together.