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ABC buys insurance for its fleet of delivery trucks. The cost is $18,000 per year and is paid in two instalments, on January 1 and

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ABC buys insurance for its fleet of delivery trucks. The cost is $18,000 per year and is paid in two instalments, on January 1 and July 1 of each year. The amount of cash disbursement that will appear on the February cash budget is: $1,500 O $18,000 $0 $9,000

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