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7 Need HELP ASAP Reliable Insurance Company collected a premium of $30,000 for a 1-year insurance policy on May 1. What amount should Reliable report

7 Need HELP ASAP

Reliable Insurance Company collected a premium of $30,000 for a 1-year insurance policy on May 1. What amount should Reliable report as a current liability for Unearned Insurance Revene at December 31?

		$30,000.
		$0.
		$10,000.
		$20,000.

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