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23. On April 30, 2020, a three-year insurance policy was purchased for $18,000 with coverage to begin immediately. What is the amount of insurance expense
23. On April 30, 2020, a three-year insurance policy was purchased for $18,000 with coverage to begin immediately. What is the amount of insurance expense that would appear on the company's income statement for the year ended December 31, 2020? A) $ 500. B) $ 4,000. C) $ 6,000. D) $14,000. E) $18,000
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