Question: At December 3 1 , 2 0 2 5 , before any year - end adjustments, Concord Corporation's Prepaid Insurance account had a balance of

At December 31,2025, before any year-end adjustments, Concord Corporation's Prepaid Insurance account had a balance of $4640. It was determined that $2080 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would beO$2240O$2560O$2080O$4640

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