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your company which uses accrual basis accounting pays $18,000 in advance to cover a 3-year insurance premium and debits after 1 year has elapsed? a.
your company which uses accrual basis accounting pays $18,000 in advance to cover a 3-year insurance premium and debits after 1 year has elapsed?
a. $18k
b. $12k
c. $6k
d. $0
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