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Business, 28.01.2020 05:31 anayajae24

The premium on a three-year insurance policy expiring on december 31, 20x4 was paid in total on january 2, 20x2. if the company has a six-month operating cycle, then on december 31, 20x2, the prepaid insurance reported as a current asset would be for:
a. six months. b. 12 months. c. 18 months. d. 24 months.

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