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Bagwis Company has the following information: Prepaid insurance - January 1 1,600,000 Prepaid insurance - December 800,000 Insurance payable decrease by 1,200,000 Insurance payments 4,000,000
Bagwis Company has the following information: Prepaid insurance - January 1 1,600,000 Prepaid insurance - December 800,000 Insurance payable decrease by 1,200,000 Insurance payments 4,000,000 How much is the insurance expense under accrual basis? O 3,400.000 0 4.000.000 O 3,600,000 0 4.800.000
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