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17 August, 00:49

A) Give an example of a deferred expense.

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  1. 17 August, 03:44
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    Payment of a Term Insurance Policy

    Explanation:

    A term insurance policy has a total price that is usually paid through the period determine for its coverage with monthly payments called premiums. In this case, the expense is deferred for an specific period of time. The logic behind this payments is that you received the service of product without paying the total price of it beforehand.
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