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On July 1, a company paid the $2,880 premium on a one-year insurance policy with benefits beginning on that date. What will be the insurance

On July 1, a company paid the $2,880 premium on a one-year insurance policy with benefits beginning on that date. What will be the insurance expense on the annual income statement for the first year ended December 31? Multiple Choice $1,440. $2,880, $720. $2,160. $1,200

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