The unexpired insurance at the end of the fiscal period represents a (n)

A) accrued asset
B) accrued liability
C) accrued expense
D) deferred expense

Unexpired Insurance

The portion of paid insurance premiums that is applicable to future periods, representing coverage that has not yet been used or expired.

Accrued Asset

An asset that represents revenues or incomes that have been earned but not yet received in cash or recorded.

Fiscal Period

A specific time period for which a business conducts financial accounting and reporting, often a year, split into quarters or months.