Question
The following information relates to Potash Corporation: Prepaid insurance, December 31, 2018 $145,000 Prepaid insurance, December 31, 2019 $345,000 Insurance expense for 2019 $460,000 What
The following information relates to Potash Corporation:
| Prepaid insurance, December 31, 2018 | $145,000 |
| Prepaid insurance, December 31, 2019 | $345,000 |
| Insurance expense for 2019 | $460,000 |
What was the amount of cash paid for insurance during 2019?
Question 49 options:
| $725,000 | |
| $500,000 | |
| $580,000 | |
| $660,000 | |
| None of the above |
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College Accounting A Practical Approach
Authors: Jeffrey Slater
12th edition
978-0132772068, 133468100, 013277206X, 9780133468106, 978-0133133233
