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12points Item 10 Item 10 12 points On August 1, 2019, a firm purchased a 1-year insurance policy for $5,400 and paid the full premium

12points

Item 10

Item 10 12 points

On August 1, 2019, a firm purchased a 1-year insurance policy for $5,400 and paid the full premium in advance. The insurance expense associated with this policy for the year ending December 31, 2019, is

Multiple Choice

$5,400.
$1,800.
$3,150.
$2,250.

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