If Prepaid Insurance Has an $82 Unadjusted Balance at December

question 153

Multiple Choice

If Prepaid Insurance has an $82 unadjusted balance at December 31 2022 and the insurance still unexpired amounted to $20 the year-end adjustment would contain a(n) :

• A)increase to Prepaid Insurance for $62.
• B)decrease to Prepaid Insurance for $20.
• C)increase to Insurance Expense for $62.
• D)increase to Prepaid Insurance for $20.

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Definitions:

Synonym Definition

A method of defining a word by providing another word with a similar or identical meaning.

Anxiety Disorder

A mental health condition characterized by persistent and excessive worry, fear, or anxiousness that interferes with daily life.

Specific Object Or Situation

A distinct or particular thing or scenario, detailed and defined, as opposed to something generic or ambiguous.

Illogical Fear

An irrational and often disproportionate fear of situations, objects, or activities that are typically considered harmless.