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On April 1, a company paid the $1,404 premium on a three-year insurance policy with benefits beginning on that date. What will be the insurance

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On April 1, a company paid the $1,404 premium on a three-year insurance policy with benefits beginning on that date. What will be the insurance expense on the annual income statement for the year ended December 31 ? (Round your answer to 1 decimal places.) Multiple Choice $351.00. $1,053.00. $468.00. $39.00

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