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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 $3.480 on March

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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 $3.480 on March 1, 2019. d. If the premium had been $6,960 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 $ 3.480

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