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On July 1, a company pold the $6,000 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 pold the $6,000 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 317 Multiple Choice $3,000 $6,000 SL500 54500 $2,500

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