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1. McArthur Investments purchased a 12-month insurance policy onApril 1, 2022 for $2,400. The December 31, 2014 balance sheet wouldreport Prepaid Insurance ofa. $0 b.

1. McArthur Investments purchased a 12-month insurance policy onApril 1, 2022 for $2,400. The December 31, 2014 balance sheet wouldreport Prepaid Insurance ofa. $0 b. $600. c. $1,800. d. $2,4002. 2 answers

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