At year-end, the balance in the prepaid insurance account, prior to any adjustements, is $6,000. The amount of the journal entry required to record insurance expense will be $4,000 if the amount of unexpired insurance applicable to future periods is $2,000

a. true
b. false

Ans: a. true

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A local project being analyzed by PERT has 42 activities, 13 of which are on the critical path

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