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On July 1, 2016, a firm purchased a 1-year insurance policy for $5,700 and paid the full premium in advance. The insurance expense associated with

On July 1, 2016, a firm purchased a 1-year insurance policy for $5,700 and paid the full premium in advance. The insurance expense associated with this policy for the year ending December 31, 2016, is

$1,900.

$5,700.

$3,325.

$2,850.

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