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[ The following information applies to the questions displayed below. ] A company makes the payment of a one-year insurance premium of $3,072 on April

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

A company makes the payment of a one-year insurance premium of $3,072 on April 1, 2022.

If the premium had been $6,144 for a two-year period, how should the prepaid amount at December 31, 2022, be reported on the balance sheet?

NON-curent asset_______

Current asset______-

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