Homework Clinic

Social Science Clinic => Accounting => Topic started by: 09madisonrousseau09 on Jul 5, 2018

Title: Team Shirts purchased six months' worth of insurance for 900. The insurance would initially be ...
Post by: 09madisonrousseau09 on Jul 5, 2018

Team Shirts purchased six months' worth of insurance for 900. The insurance would initially be recorded as ________.
 
  A) an account receivable
  B) an account payable
  C) prepaid insurance
  D) insurance expense

Question 2

The control goal called efficiency of operations strives to assure that a given operations system is fulfilling the purpose(s) for which it was intended.
  Indicate whether the statement is true or false

Title: Team Shirts purchased six months' worth of insurance for 900. The insurance would initially be ...
Post by: potomatos on Jul 5, 2018

Answer to Question 1

C

Answer to Question 2

F