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Question 3 (0.5 points) Catrina Corporation took out a new insurance policy on their recently built offices. The policy cost $130,000 and covered 24 months,
Question 3 (0.5 points) Catrina Corporation took out a new insurance policy on their recently built offices. The policy cost $130,000 and covered 24 months, from Oct 1, 20X1 to the end of Sep 20X3. When Catrina prepares its income statement for the year ended 20X1, what amount will be shown as insurance expense? Enter your response as a whole number, no commas, no dollar signs. Your Answer: Answer Question 4 (0.5 points) MBI Corp. started the month with $100 of supplies on hand. During the month, the company purchased another $127 worth of supplies. At the end of the month, $100 worth of supplies were left on hand. What amount should MBI Corp. shows as SUPPLIES EXPENSE in their income statement for the month? Enter your response as a whole number, no commas, no dollar signs. Your
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