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Williamson, LLC, paid insurance premiums of $5,280 on December 1, 20X1. These premiums covered a two-year period beginning on that date. What amount, from this
Williamson, LLC, paid insurance premiums of $5,280 on December 1, 20X1. These premiums covered a two-year period beginning on that date. What amount, from this payment, should the corporation show as insurance expense for the year 20X1
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