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Classify the Following Items As

question 12

Essay

Classify the following items as:
a. accrued revenue (accrued asset)
b. deferre d revenue (une anned revenue)
c. accrued expense (accrued liability)
d. deferred expense (prepaid expense)
(1)Three months rent paid in actvance
(2)Rent al income for six months received in advance
(3)Jobs completed but not yet billed at month-end
(4)Interest payable accued on a note, but not yet paid
(5)Telephone bill owed but not yet paid
(6)A three-year premium paid on auto fleet insurance policy


Definitions:

Cross-cultural

Relating to or comparing two or more cultures, exploring differences and similarities to understand human behavior across societal boundaries.

The Amazing Kreskin

A stage name for George Joseph Kresge, an American mentalist who became famous for his television performances that demonstrated seemingly psychic abilities.

Clever Hans

Refers to a horse in the early 1900s that was believed to be able to perform arithmetic and other intellectual tasks, later understood as responding to involuntary cues from humans.

Oskar Pfungst

A psychologist known for his work with clever Hans, a horse that appeared to perform arithmetic.

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