Match the Type of Account (A Through E) with the Business

question 132

Multiple Choice

Match the type of account (a through e) with the business transactions that follow.
-Paid for one year's insurance policy.

• A)Prepaid expense
• B)Accrued expense
• C)Unearned revenue
• D)Accrued revenue
• E)None of these choices

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Definitions:

Moral Development

The process through which individuals develop proper attitudes and behaviors toward other people in society, based on social and cultural norms, laws, and rules.

Self-assured

Exhibiting confidence and assertiveness in one's abilities, actions, and beliefs, often leading to a strong and positive self-identity.

Early Age

The initial periods of life, often associated with youth or the beginning stages of development.

Preconventional Morality

The first level of Kohlberg's stages of moral development, characterized by an individual's obedience to rules based on the direct consequences to themselves.