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26 On September 1, 20X1, a firm purchased a 1-year insurance policy for $6,000 and paid the full premium in advance. The insurance expense associated

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26 On September 1, 20X1, a firm purchased a 1-year insurance policy for $6,000 and paid the full premium in advance. The insurance expense associated with this policy for the year ending December 31, 20x1, is 03:30:00 Multiple Choice $500. $2,000. $4,000. O $6,000

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