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Skysong, Inc. purchased an 18-month insurance policy on May 31, 2022 for $13680. The December 31, 2022 balance sheet would report Prepaid Insurance of: Skysong,

Skysong, Inc. purchased an 18-month insurance policy on May 31, 2022 for $13680. The December 31, 2022 balance sheet would report Prepaid Insurance of:

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Skysong, Inc. purchased an 18-month insurance policy on May 31, 2022 for $13680. The December 31, 2022 balance sheet would report Prepaid Insurance of: $0 because Prepaid Insurance is reported on the Income Statement. $5320. $8360. $13680

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