Multiple Choice
On December 31,the balance in the Prepaid Insurance account was $4,500,which is the remaining balance of a 12-month policy purchased on October 31 in the current year.How much did this policy originally cost?
A) $5,400
B) $3,750
C) $4,909
D) $4,500
E) $6,000
Correct Answer:
Verified
Correct Answer:
Verified
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