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On 1/2/2020, Sappho Insurance Limited entered into an insurance contract with a customer who paid the annual premium of $300,000 on that date. State the

On 1/2/2020, Sappho Insurance Limited entered into an insurance contract with a customer who paid the annual premium of $300,000 on that date.

State the amount Sappho Insurance Ltd would report as revenue for the year ended 30 June 2020.

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