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Question
Eve's Apples opened for business on January 1, 2015, and paid for two insurance policies effective that date. The liability policy was $36,000 for eighteen-months, and the crop damage policy was $12,000 for a two-year term. What was the balance in Eve's Prepaid Insurance account as of December 31, 2015?
a. $ 9,000.
b. $18,000.
c. $30,000.
d. $48,000.
Answer
This answer is hidden. It contains 96 characters.
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