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Required information [The following information applies to the questions displayed below.] A company makes the payment of a one-year insurance premium of $3,096 on March

Required information

[The following information applies to the questions displayed below.]

A company makes the payment of a one-year insurance premium of $3,096 on March 1, 2019.

d. If the premium had been $6,192 for a two-year period, how should the prepaid amount at December 31, 2019, be reported on the balance sheet?


Non-current asset
Current asset

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