Munoz Co. prepays cash in October for insurance that covers only the month of November. Munoz Co.

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Munoz Co. prepays cash in October for insurance that covers only the month of November. Munoz Co. records the expense in October. Which method of accounting is Munoz Co. using?

Select one:

a. accrual basis of accounting

b. cash basis of accounting

c. hybrid basis of accounting

d. consolidated basis of accounting

Related Book For answer-question

College Accounting A Practical Approach

ISBN: 978-0133133233

12th edition

Authors: Jeffrey Slater

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Posted Date: Oct 17, 2020 07:46 PM

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Munoz Co. prepays cash in October for insurance that covers only the month of November. Munoz Co.

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OPTION B Cash Basis of Accounting Munoz co has ... View the full answer

College Accounting A Practical Approach

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