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On October 1 of Year 1 M Enterprises paid $2,220 cash for an insurance policy that would provide protection for a one year term. The

On October 1 of Year 1 M Enterprises paid $2,220 cash for an insurance policy that would provide protection for a one year term. The companys fiscal closing date is December 31. Based on this information, the amount of insurance expense appearing on the Year 2 Income Statemement would be $___________

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