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On July 1, a company paid the $2.400 premium on a one-year insurance policy with benefits beginning on that date. What will be the insurance

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On July 1, a company paid the $2.400 premium on a one-year insurance policy with benefits beginning on that date. What will be the insurance expense on the annual income 5 points statement for the first year ended December 312 $1,400 $1.200 O $1,000 $400 O $2,400

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