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Which of the following will properly record the payment of a two-year insurance policy? Select one: O a. Increase and decrease assets O O O

Which of the following will properly record the payment of a two-year insurance policy? Select one: O a. Increase and decrease assets O O O b. Increase liabilities and decrease retained earnings c. Increase assets and increase retained earnings d. Decrease assets and decrease liabilities
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Which of the following will properly record the payment of a two-year insurance policy? Select one: a. Increase and decrease assets b. Increase liabilities and decrease retained earnings c. Inciease assets and increase retained earnings d. Decrease assets and decrease liabilities

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