Oglethorpe Corporation Reported a Beginning Balance of $12,400 in Its

question 73

Multiple Choice

Oglethorpe Corporation reported a beginning balance of $12,400 in its Prepaid Insurance account.During the year,Oglethorpe paid a total of $42,000 to purchase insurance,and the Prepaid Insurance account had an ending balance of $13,100.What was the amount of insurance expense for the year?

• A)$42,000
• B)$42,300
• C)$42,700
• D)$41,300

---

Definitions:

Emotion Work

The process of managing one's feelings and expressions based on the emotional requirements of a situation or job.

Official Duties

Official duties refer to the tasks and responsibilities that are assigned to a public officer, government employee, or holder of an official position as part of their role.

Impression Management

The process by which individuals attempt to control the impressions others form of them, especially in social contexts.

Feeling Rule

Social norms that dictate the appropriate emotions to be expressed in various situations, shaping how individuals manage and display their emotional responses.