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On July 1, a company paid the $5,880 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 $5,880 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 current year ended December 31? |
A.) $1,470.
B.) $4,410.
C.) $5,880.
D.) $2,450.
E.) $2,940.
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