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On April 1, a company paid the $1,350 premium on a three-year insurance policy with benefits beginning on that date. What amol insurance expense will

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On April 1, a company paid the $1,350 premium on a three-year insurance policy with benefits beginning on that date. What amol insurance expense will be reported on the annual income statement for the first year ended December 31 ? Multiple Choice $1,350.00. $337.50. $450.00. $37.50. $1,012.50

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