21) Fair Play, Inc. paid $3,600 on September 1, 2011 for an 18-month insurance policy beginning on...
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21) Fair Play, Inc. paid $3,600 on September 1, 2011 for an 18-month insurance policy beginning on that day. The company recorded the entire amount as prepaid insurance. How much insurance expense should the company show on its income statement for the year ended December 31, 2012?
Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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