Question: give correct answer and show solution please On January 1, 2020. AX company purchased a three-year insurance policy for $18,000 with coverage to begin immediately.

give correct answer and show solution please

On January 1, 2020. AX company purchased a three-year insurance policy for $18,000 with coverage to begin immediately. What is the amount of insurance expense that would appear on the company's income statement for the year ended December 31, 2020

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