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During his presentation Michael said,Let me now review the two possible solutions we've discussed so far.He has used a verbal signpost to help his audience recognize the organization of and key points in his presentation.
Insurance Expense
Costs incurred by a business for insurance coverage, considered an operating expense.
Prepaid Rent
An advance payment for rent that is recorded as an asset on the balance sheet until it is incurred as an expense.
Interest Expense
The cost incurred by an entity for borrowed funds, such as loans or bonds, over a specific period.
Prepaid Expenses
Expenditures paid in advance for goods or services to be received in the future.
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