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On July 1, a company paid the $3,960 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 $3,960 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 01:49 42 $1,980 $1,650. $2,970 $3.960 $3,960 $990

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