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NEW QUESTION: 1
On July 1st, a company paid $12,000 for an annual insurance policy covering the month of July through the following June. Which of the following statements reflects how this payment would be recorded on July 1st under the accrual method?
A. Prepaid insurance would be debited for $12,000, and accrued insurance would be credited for $12,000.
B. Prepaid insurance would be debited for $12,000, and cash would be credited for $12,000.
C. Cash would be debited for $12,000, and accrued insurance would be credited for $12,000.
D. Insurance expense would be debited for $12,000, and cash would be credited for $12,000.
Answer: B
NEW QUESTION: 2
A. Option A
B. Option E
C. Option C
D. Option B
E. Option D
Answer: B,C
NEW QUESTION: 3
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A:
B:
C:
D:
A. Option A
B. Option D
C. Option C
D. Option B
Answer: B
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MB-920 Exam Info
In case you haven’t done it yet, we strongly advise in reviewing the below. These are important resources related to the MB-920 Exam.
MB-920 Exam Topics
Review the MB-920 especially if you are on a recertification. Make sure you are still on the same page with what Microsoft wants from you.
MB-920 Offcial Page
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Check what resources you have available for studying.
Schedule the MB-920 Exam
Check when you can schedule the exam. Most people overlook this and assume that they can take the exam anytime but it’s not case.