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Mathematics, 07.12.2021 06:20 weeblordd

The correct amount of prepaid insurance shown on a company's December 31, 2018, balance sheet was $900. On July 1, 2019, the company paid an additional insurance premium
of $600. In the December 31, 2019, balance sheet, the amount of prepaid insurance was
correctly shown as $500. The amount of insurance expense that should appear in the
company's 2019 income statement is

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