The Fiscal Year Opened for Noland Manufacturing with a $2,700

question 32

Multiple Choice

The fiscal year opened for Noland Manufacturing with a $2,700 balance in its prepaid insurance account.They purchased $9,600 in insurance policies during the year.If $1,725 of insurance has expired during the year, what is the year-end balance in the prepaid insurance account?

• A)$10,575
• B)$12,300
• C)$7,875
• D)$5,175

---

Definitions:

Visual Search

The process of scanning an environment with the eyes to find a particular object or detail among many other objects.

Memory Set

A collection of items or information that a person can remember and recognize within a certain context or under specific conditions.

Feature Integration Theory

A psychological theory proposing that the perception of individual visual features (such as color, orientation, size) are initially processed independently and then integrated to form the perception of a whole object.

Controlled Processes

Cognitive operations that require attention, are usually performed deliberately, and are under conscious control.