Hawk Company Paid 6 Months' Insurance in Advance, Covering the Period

question 119

Multiple Choice

Hawk Company paid 6 months' insurance in advance, covering the period of July1 to December 31. The total payment was $5,400. At the time of the payment, the entire amount was used to increase the balance in the Prepaid Insurance account. The balance in the Prepaid Insurance account as of September 30 is:

• A) $3,600
• B) $1,800
• C) $2,700
• D) $- 0-

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Definitions:

Resistance

The ability of an organism, material, or system to withstand or ward off a particular condition, substance, or force.

Cardiac Output

The volume of blood pumped by the left ventricle into the aorta in 1 minute.

Stroke Volume

The volume of blood pumped by one ventricle during one contraction.

Heart Rate

The number of heart beats per minute, a measure of the heart's activity and an important indicator of health and fitness.