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Classify the Following Items As: (1)prepaid Expense,(2)unearned Revenue,(3)accrued Expense,or (4)accrued

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Classify the following items as: (1)prepaid expense,(2)unearned revenue,(3)accrued expense,or (4)accrued revenue.

a)fees received but not yet earned
b)fees earned but not yet received
c)paid premium on a one-year insurance policy
d)property tax owed to be paid beginning of next year


Definitions:

Woodrow Wilson

The 28th President of the United States, serving from 1913 to 1921, known for leading the country through World War I and advocating for the League of Nations.

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Companies combined to limit competition.

Recall

A Progressive-era reform that allowed the removal of public officials by popular vote.

Historical Significance

The importance assigned to a past event, based on its impact on the present and its influence on or relevance to historical development or understanding.

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