The Type of Account and Normal Balance of Prepaid Insurance

question 185

Multiple Choice

The type of account and normal balance of Prepaid Insurance is

• A) asset, credit
• B) asset, debit
• C) contra asset, credit
• D) contra asset, debit

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Definitions:

Japanese Influence

The impact or effect that Japanese culture, technology, or policy has on other countries or areas of activity.

President Taft

William Howard Taft, the 27th President of the United States (1909-1913), known for his focus on constitutional law and his later service as Chief Justice of the Supreme Court.

Rock Springs Massacre

A violent racial conflict that occurred in 1885 in Rock Springs, Wyoming, where white coal miners killed numerous Chinese miners, highlighting racial tensions in the American West.

Chinese Immigrants

Individuals from China who move to another country, often for reasons including economic opportunity, education, or to escape political instability.