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Murphy, Inc. paid $ 9 , 6 0 0 cash for insurance in June that provides coverage for six months, from July through December. How
Murphy, Inc. paid $ cash for insurance in June that provides coverage for six months, from July through December. How much expense should be recognized in June to be in accordance with generally accepted accounting principles?
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No expense should be recognized in June
$
$$times for the month of June
$
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