On April 1, Bear, Inc. paid $2,400 for an insurance premium on a three-year insurance policy. At

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On April 1, Bear, Inc. paid $2,400 for an insurance premium on a three-year insurance policy. At the end of December, Bear's fiscal year-end, what should be the balance in the prepaid insurance account?

a. $2,700

b. $3,000

c. $2,400

d. $1,800

Posted Date: Oct 16, 2021 12:53 AM

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On April 1, Bear, Inc. paid $2,400 for an insurance premium on a three-year insurance policy. At

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Given On April 1 Bear Inc paid 2400 of insurance premium on three ye... View the full answer

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