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On March 31, 20X8, your calendar year company takes out a 3-yearinsurance policy with a premium of $4,000 a year and pays theentire $12,000 in

On March 31, 20X8, your calendar year company takes out a 3-yearinsurance policy with a premium of $4,000 a year and pays theentire $12,000 in advance, booking it as prepaid insuranceinsurance. At 2 answers

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