When You Want to Add Information to a Document,what Role

question 62

Multiple Choice

When you want to add information to a document,what role does your operating system play?

• A) starts the word processing program
• B) provides tools for you to open the document
• C) saves your unsaved work to temporary storage
• D) finds the hard drive

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Definitions:

Prepaid Insurance

An asset account that represents the amount paid for insurance contracts in advance for future coverage.

Insurance Expense

The cost associated with purchasing insurance coverage, recognized as an expense over the policy period.

Adjusting Entry

An accounting journal entry made at the end of an accounting period that ensures all financial statements are updated to reflect accurate and fair information.

Adjusting Entries

Adjusting entries are journal entries made at the end of an accounting period to update income and expense accounts and ensure that the financial statements reflect the accrual basis of accounting.