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OSV Winter 2019 Quizzes Quiz #2-on Chapter 3 On April 1, Smart, Inc. paid $7.200 for an insurance premium on a three-year insurance policy. How does this transaction affect Smarts accounts? Select one: O a. Increase prepaid insurance and decrease retained earnings by $7,.200 each b. Increase unearned insurance and decrease cash by $7,200 each c. Increase insurance expense and decrease cash by $7.200 each o d. Increase prepaid insurance and decrease cash by $7,200 each Next page port: 613-520-3 700 or Please I need help
11003V Winter 2019 Quizzes Quiz #2-on Chapter 3 The income statement for August indicates net income of $50,000. The If there was no beginning balance in stockholders equity, what is the ending balance in stockholders equity? corporation also paid $10,000 in dividends during the same period. Select one: a. $10,000 b. $40,000 c. $50,000 d. $60,000 Next pag pport: 613-520-3700 or
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