Multiple Choice
Fina Corp.had the following transaction during the quarter ended March 31, 2011:
Payment of fire insurance premium for calendar year 2011 600,000
What amount should be included in Fina's income statement for the quarter ended
March 31, 2011?
A) $600,000
B) $150,000
C) $300,500
D) $450,000
Correct Answer:
Verified
Correct Answer:
Verified
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