Question: Multiple Choice Question A decrease in Prepaid Insurance is added to net income because Blank _ _ _ _ _ _ . Multiple choice question.

Multiple Choice Question
A decrease in Prepaid Insurance is added to net income because Blank______.
Multiple choice question.
a decrease in Prepaid Insurance causes an increase in Insurance Expense and a decrease in net income, but it does not involve cash
it accounts for purchasing more insurance during the period than has been expensed

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