Sensible Insurance Company collected a premium of $18,000 for a 1-year insurance policy on April 1. What

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Sensible Insurance Company collected a premium of $18,000 for a 1-year insurance policy on April 1.

What amount should Sensible report as a current liability for Unearned Insurance Premiums at December 31?

(a) $0.

(b) $4,500.

(c) $13,500.

(d) $18,000.

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