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A business pays for insurance in advance, which gives them 12 months of cover. $30,000 paid on 1st September 2020 for cover for the next

A business pays for insurance in advance, which gives them 12 months of cover. $30,000 paid on 1st September 2020 for cover for the next 12 months. Hows the balance sheet, income statement, and statem...

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