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4. On 1 May 2016, A Ltd pays $9600 for a one-year fire insurance policy that expires on 30 April 2017. Which of the following

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4. On 1 May 2016, A Ltd pays $9600 for a one-year fire insurance policy that expires on 30 April 2017. Which of the following will appear on A Ltd's balance sheet at 30 June 2016? A. Prepaid insurance S1600 B. Prepaid insurance $8000 C. Prepaid insurance $8800 D. Prepaid insurance $9600

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