ABC Ltd. receives annual insurance premium paid by a customer at the beginning of the year. The insurance premium received by ABC Ltd. should be… | Cheap Nursing Papers
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ABC Ltd. receives annual insurance premium paid by a customer at the beginning of the year. The insurance premium received by ABC Ltd. should be…

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ABC Ltd. receives annual insurance premium paid by a customer at the beginning of the year. The insurance premium received by ABC Ltd. should be classified as a(an):

Select one:

a. Accrued revenue – Asset

b. Prepayment – Asset

c. Prepayment – Liability

d. Unearned revenue – Liability

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