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Franklin Company paid or collected cash for the following items during the year ended December 31, 2022: Insurance premiums paid $16,000 The following balances have
Franklin Company paid or collected cash for the following items during the year ended December 31, 2022: Insurance premiums paid $16,000 The following balances have been excerpted from Franklin's balance sheets: Insurance expense on the income statement for 2022 under the accrual basis is
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