Which of the Following Is the Proper Adjusting Entry, Based

question 185

Multiple Choice

Which of the following is the proper adjusting entry, based on a prepaid insurance account balance before adjustment of $14,000 and unexpired insurance of $3,000, for the fiscal year ending on April 30?

• A) debit Insurance Expense, $3,000; credit Prepaid Insurance, $3,000
• B) debit Insurance Expense, $14,000; credit Prepaid Insurance, $14,000
• C) debit Prepaid Insurance, $11,000; credit Insurance Expense, $11,000
• D) debit Insurance Expense, $11,000; credit Prepaid Insurance, $11,000

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Definitions:

Neuroscience Perspective

An approach in psychology that examines mental and psychological functions based on their biological processes, especially focusing on the role of the nervous system.

Physical Properties

Characteristics of matter that can be observed or measured without changing its composition, such as density, color, or boiling point.

Brain Influence

The impact that the brain has on directing behavior, decision-making, and cognitive functions.

Biopsychosocial Approach

A holistic viewpoint that takes into account the biological, psychological, and social elements and their intricate interplay in comprehending health, sickness, and the provision of healthcare.