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QUESTION 5 Wonka Inc. pays $ 1 , 0 0 0 for a whole year's insurance on May 1 . How much of this is

QUESTION 5
Wonka Inc. pays $1,000 for a whole year's insurance on May 1. How much of this is recorded as prepaid at Dec., the company's year-end?
a. $333
b. $1,000
c. $500
d. $0
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