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Accountants should not reverse the adjustment of prepaid insurance to recognize insurance expense at the end of the accounting period because:
a. . doing so results in a change from accrual basis accounting to cash basis accounting.
b. . Prepaid Insurance is a liability account.
c. . Prepaid Insurance should never be adjusted.
d. . there is no transaction in the following accounting period to offset a reversing entry as there is for the accrual of assets and liabilities.
Mr. James K. Silber, an avid international investor, just sold a share of a French company, for FF50. The share was bought for FF42 a year ago. The exchange rate is FF5.80 each U.S
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where you deposit 1000dollars at the end of each year for 4 years, what will be the amount of deposits at the end of each year if it is compounded at 12% semi-annually?
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