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Author Question: Prepaid insurance is reported on the balance sheet as a a. current asset b. fixed asset c. ... (Read 89 times)

schs14

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on: Jul 5, 2018
Prepaid insurance is reported on the balance sheet as a
 a. current asset
  b. fixed asset
  c. current liability
  d. long-term liability

Question 2

A master budget ________.
 
  A) is the initial plan of what the company intends to accomplish in the period and evolves from
  both the operating and financing decisions
  B) is a substitute for the management functions of planning and coordination
  C) improves companies' market capitalization and evolves from both the investing and financing decisions
  D) provides an ethical framework for decision making


kristenb95

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Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

Answer: A


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schs14

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Reply #2 on: Jul 5, 2018
Thank you :)


kristenb95

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Reply #3 on: Jul 5, 2018
Happy to help you


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