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Swifty insurance Company collected premium of $17700 for a 1 -year insurance policy on May 1. What amount should Swifty report as a current liability

Swifty insurance Company collected premium of $17700 for a 1 -year insurance policy on May 1. What amount should Swifty report as a current liability for Unearned insurance Revenue at December 31 ? $17700 $11800 55900 . 50

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