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Rex Company paid P18,000 premium on a three-year insurance policy on September 1, 2011. The effectivity of the policy begins on September 1, 2011. a.

Rex Company paid P18,000 premium on a three-year insurance policy on September 1, 2011. The effectivity of the policy begins on September 1, 2011. a. Under the Cash basis of accounting, how much insur...

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