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103. The premium on a three-year insurance policy purchased on June 30, 2015, was $36,000. What is the amount of insurance expense that should be

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103. The premium on a three-year insurance policy purchased on June 30, 2015, was $36,000. What is the amount of insurance expense that should be presented on the company's income statement for the year ended December 31, 2015? A. $500. B. $1 .000. 0. $3,000. g $6,000. E. $8,000

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