Multiple Choice
The premium on a three-year insurance policy purchased on June 30,2015,was $36,000.What is the amount of insurance expense that should be presented on the company's income statement for the year ended December 31,2015?
A) $500.
B) $1,000.
C) $3,000.
D) $6,000.
E) $8,000.
Correct Answer:
Verified
Correct Answer:
Verified
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