Multiple Choice
On 1 April 2019, Waratah Ltd paid for a yearly insurance for $48,000. How much of insurance expense should be recognised in the income statement on 31 December 2019?
A) $24,000.
B) $36,000.
C) $40,000.
D) $48,000.
Correct Answer:
Verified
Correct Answer:
Verified
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