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If insurance expense is $27,000 and the beginning and ending Prepaid Insurance balances are $3,000 and $4,500, respectively, cash paid for insurance is: Select one:

If insurance expense is $27,000 and the beginning and ending Prepaid Insurance balances are $3,000 and $4,500, respectively, cash paid for insurance is:

Select one:

A. $25,500

B. $27,000

C. $28,500

D. Not determinable from the information given

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