Mutual funds often offer multiple share classes which differentiate between different methods of paying the sales loads and management fees.

If, at year-end, the unexpired insurance were $20, the company should record an adjusting entry that

The year-end trial balance for Beltway Corporation appears as follows: Beltway Corporation Trial Balance December 31 Debit Credit Cash $ 300 Accounts Receivable 500 Prepaid Insurance 60 Supplies 140 Equipment 4,000 Accumulated Depreciation, Equipment $ 800 Accounts Payable 300 Common Stock 1,000 Retained Earnings 1,400 Service Revenue 3,000 Salaries and Wages Expense 1,000 Rent Expense 500 $6,500 $6,500 A) debits Insurance Expense for $20 and credits Prepaid Insurance for $20. B) debits Prepaid Insurance for $20 and credits Insurance Expense for $20. C) debits Insurance Expense for $40 and credits Prepaid Insurance for $40. D) debits Prepaid Insurance for $40 and credits Insurance Expense for $40. E) debits Insurance Expense for $20 and credits Cash for $20.

When a company requires the customers to pay today's price and all or part of any inflation increase that takes place before delivery, it is known as ________

A) special-customer pricing B) an escalator clause C) delayed quotation pricing D) unbundling E) time pricing