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ALSO A one, AICPA FN Measuring AICPA PC Problem solving 114. Daly Investments purchased an 18-month insurance policy on May 31, 2010 for $3,600. The

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ALSO A one, AICPA FN Measuring AICPA PC Problem solving 114. Daly Investments purchased an 18-month insurance policy on May 31, 2010 for $3,600. The December 31, 2010 balance sheet would report Prepaid Insurance of 8 month) T a. $0 because Prepaid Insurance is reported on the Income Statement. b. $1,400 $2,200 d. $3,600

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