In July, a company pays three years' insurance in advance. The December 31 adjusting entry is
A) Insurance Expense - Debit; Prepaid Insurance - Credit
B) Prepaid Insurance - Debit; Insurance Expense - Credit
C) Insurance Expense - Debit; Cash - Credit
D) Prepaid Insurance - Debit; Cash - Credit
A
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Which of the following stages of the five-stage development model for teams is when conflicts emerge regarding the goals and contributions of team members?
A. adjourning B. storming C. forming D. norming
Which of the items below does not appear on the work sheet?
A) adjusting entries B) the unadjusted trial balance C) closing entries D) the drawing account
“Cancellation of the positive and negative forecast errors can distort the information.” This is a drawback of ______.
A. mean squared error (MSE) B. mean absolute deviation (MAD) C. mean absolute percentage error (MAPE) D. cumulative sum error (CSE)
Which of the following is not an element of the focus group process?
a. Planning b. Recruiting c. Moderating d. Judgment