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Daly Investments purchased an 18- month insurance policy on May 31, 2014, for $6,300. The December 31, 2014 statement of financial position would report

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Daly Investments purchased an 18- month insurance policy on May 31, 2014, for $6,300. The December 31, 2014 statement of financial position would report Prepaid Insurance of 2450 6300 3850 4200 x x x X

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