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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?

.

333

.

1, 000

.

500

.

0

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