Multiple Choice
Eve's Apples opened business on January 1, 2013, and paid for two insurance policies effective that date. The liability policy was $36,000 for 18 months, and the crop damage policy was $12,000 for a two-year term. What is the balance in Eve's prepaid insurance as of December 31, 2013?
A) $9,000.
B) $18,000.
C) $30,000.
D) $48,000.
Correct Answer:
Verified
Correct Answer:
Verified
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