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on december 31 2015 coolwear inc. had a balance in its prepaid insurance of $52400. During 2016 $90000 was paid for insurance. At the eend

on december 31 2015 coolwear inc. had a balance in its prepaid insurance of $52400. During 2016 $90000 was paid for insurance. At the eend of 2016 after adjusting entries were recorded the balance in the prepaid insurance account wads 44000 . insurance expense for 2016 would be

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