Amir Designs purchased a one-year liability insurance policy on March 1st of this year for $5,400 and recorded it as a prepaid expense. Which of the following amounts would be recorded for insurance expense and prepaid insurance during the closing process at the end of Amir's first month of operations on March 31st?
A) $5,400.
B) $540.
C) $450.
D) $500.
C
Business
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Indicate whether the statement is true or false
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Home Shopping Club and QVC are examples of which of the following retail sales outlet?
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