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A company prepays a 12-month insurance policy for $4,800 on December 31, 2018. The policy is in effect on January 1, 2019. How much will

A company prepays a 12-month insurance policy for $4,800 on December 31, 2018. The policy is in effect on January 1, 2019. How much will equity change by January 31, 2019 due to the insurance policy? a) $400 b) $4,400 c) $4,800 Od) None of the choices

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