Use This Information to Answer the Following Question

question 46

Multiple Choice

Use this information to answer the following question. The trial balance for Nowwick Company appears as follows:

-If on December 31,2014,the insurance still unexpired amounted to $20,the adjusting entry would contain a

• A)debit to Prepaid Insurance for $80.
• B)credit to Prepaid Insurance for $80
• C)debit to Insurance Expense for $20.
• D)credit to Prepaid Insurance for $20.

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Definitions:

Content Analysis

Content analysis is a research method used for systematically analyzing the content of communication, such as texts or media, to quantify patterns or themes.

Quantitative

Pertaining to research or data that can be measured or quantified, often using statistics to represent and analyze variables numerically.

Systematic

A methodical, step-by-step approach to ensure thoroughness and reliability in the execution of a process or research.

Analysis Scheme

A systematic plan or method used for dissecting or examining data or complex concepts to understand their components and relationships.