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Author Question: The Management Discussion and Analysis is of potential interest to the analyst because it contains ... (Read 58 times)

acc299

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on: Jul 6, 2018
The Management Discussion and Analysis is of potential interest to the analyst because it contains information that cannot be found in the financial data.
 
  Indicate whether the statement is true or false

Question 2

Coffee Co has a 3,600 balance in Prepaid Insurance that represents the premium paid in advance for a six-month liability insurance policy. Assuming that 4 months of premium is still remaining, the adjustment would be recorded in the work sheet as a:
 a. credit to Insurance Expense, 2,400
  b. debit to Insurance Expense, 2,400
  c. credit to Prepaid Insurance, 1,200
  d. debit to Prepaid Insurance, 1,200


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ecox1012

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Reply #1 on: Jul 6, 2018
Answer to Question 1

F

Answer to Question 2

C


acc299

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Reply 2 on: Jul 6, 2018
Thanks for the timely response, appreciate it

cici

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Reply 3 on: Yesterday
Wow, this really help

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