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Assume that on June 30, 2016 ASPCA has used up the insurance coverage they purchased the previous December. How would this affect the 2016 financial

Assume that on June 30, 2016 ASPCA has used up the insurance coverage they purchased the previous December. How would this affect the 2016 financial statements? (Note: dont worry about whether they bought more insurance).

Statement of Financial Position Assets = Liabilities + Net Assets

Statement of Activities

Statement of Functional Expenses (line item name not important)

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