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10 out of question. Blue Chip Investments purchased a 12-month insurance policy on May 31, 2016 for $3,480. The December 31, 2016 balance sheet

10 out of question. Blue Chip Investments purchased a 12-month insurance policy on May 31, 2016 for $3,480. The December 31, 2016 balance sheet would report Prepaid Insurance of Oa. $1,450 O b. $2,030 O c. $0 O d. $3,480

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