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Olsen Company paid or collected during 2010 the following items: The following balances have been excerpted from Olsen's balance sheets: The insurance expense on the

image text in transcribed Olsen Company paid or collected during 2010 the following items: The following balances have been excerpted from Olsen's balance sheets: The insurance expense on the income statement for 2010 was $7,700. $10,100. $10,700. $13,100

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