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On April 1, 2024, Lansing Corporation opened for business and paid $600 in insurance to cover the next 12 months. The corporation is preparing financial

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On April 1, 2024, Lansing Corporation opened for business and paid $600 in insurance to cover the next 12 months. The corporation is preparing financial statements for the period ended December 31.2024. What amount of insurance expense should be recognized for Lansing's furst year of operations

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