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If a company pays for a one-year insurance policy that will expire next year, then Group of answer choices assets increase and liabilities decrease. liabilities
If a company pays for a one-year insurance policy that will expire next year, then Group of answer choices assets increase and liabilities decrease. liabilities increase and liabilities decrease. assets increase and stockholders' equity increases. assets increase and stockholders' equity increases. assets decrease and liabilities increase. assets increase and assets decrease
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