Killarney Exhibits Inc

question 41

Multiple Choice

Killarney Exhibits Inc.received its annual property tax bill for $21,500 in January.It was paid when due on March 31.Killarney Exhibits year end is Dec 31.The Dec 31 balances should be

• A)$5,375 for Prepaid Property Tax; $16,125 for Property Tax Expense.
• B)$5,375 for Prepaid Property Tax; $5,375 for Property Tax Payable.
• C)$0 for Prepaid Property Tax; $0 for Property Tax Payable.
• D)$1,792 for Prepaid Property Tax; $19,708 for Property Tax Expense.

---

Definitions:

Apical Heart Rate

The number of heartbeats per minute as measured at the apex of the heart, typically done using a stethoscope placed on the chest.

Beats/Min

A measurement indicating the number of heartbeats per minute, typically used to assess heart rate.

Fetal Shunts

Natural bypass mechanisms in a fetus’s circulatory system that direct blood away from the lungs and liver, which are not fully functional until after birth.

Physiologic Change

Alterations in the body's normal biological functions due to various causes, such as aging, disease, or environmental factors.