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On August 1, 2019, a firm purchased a 1 year insurance policy for $4,800 and paid the full premium in advance. The insurance expense associated

On August 1, 2019, a firm purchased a 1 year insurance policy for $4,800 and paid the full premium in advance. The insurance expense associated with this policy for the year ending December 31, 2019, is Multiple Choice o 5, . 52800. $2,000. $1,600

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