Multiple Choice
On April 30,2014,a three-year insurance policy was purchased 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 31,2014?
A) $500
B) $4,000
C) $6,000
D) $14,000
E) $18,000
Correct Answer:
Verified
Correct Answer:
Verified
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