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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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