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lesya [120]
3 years ago
7

The unexpired insurance at the end of the fiscal period represents

Business
1 answer:
lord [1]3 years ago
7 0

Answer:

Deferred expense

Explanation:

The deferred expense is the expense that is already incurred but it does not realize.  

In other words, it is an advance payment or prepaid payment for the service to be consumed in the future. The cost is reflected in the asset side of the balance sheet.  

It could be prepaid rent, prepaid insurance, etc

Since there is unexpired insurance at the end that reflects the deferred expense.

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implied

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Nicky makes $25,000 a year as a sales clerk. He then decides to quit his job to enter a MBA program full-time (assume Nicky does
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Answer:

40,000

Explanation:

There is no alternative

So the correct answer for this question is 40,000

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1: 15,000+25,00 =

2: Answer found

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<em><u>Hope this helps.</u></em>

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