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Exam Code: H20-920_V1.0
Exam Name: HCSP-Field-Data Center Facility(Power) V1.0
Vendor: Huawei

60 Questions & Answers
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A. User Account Admin
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Answer: D

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On July 1st, a company paid $12,000 for an annual insurance policy covering the month of July through the following June. Which of the following statements reflects how this payment would be recorded on July 1st under the accrual method?
A. Insurance expense would be debited for $12,000, and cash would be credited for $12,000.
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D. Prepaid insurance would be debited for $12,000, and cash would be credited for $12,000.
Answer: D


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