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On Jan. 01, ABC Company received its property tax assesment in the amount of $12,000 for the year. The property tax bill was paid in
On Jan. 01, ABC Company received its property tax assesment in the amount of $12,000 for the year. The property tax bill was paid in full on May 01. If the company prepares quarterly financial statements, how much pre paid property tax should the company report at the end of their second quarter at June 30?
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