Author Question: Munoz Co prepays cash in October for insurance that covers only the month of November. Munoz Co ... (Read 140 times)

jayhills49 · **on:** Jul 6, 2018

Munoz Co prepays cash in October for insurance that covers only the month of November. Munoz Co records the expense in October. Which method of accounting is Munoz Co using?
a. accrual basis of accounting
b. cash basis of accounting
c. hybrid basis of accounting
d. consolidated basis of accounting

Question 2

Digital evidence can be time sensitive, because some data are intended for only temporary storage and may be overwritten on a regular basis.

Indicate whether the statement is true or false