Multiple Choice
Eve's Apples opened for business on January 1,2018,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 was the balance in Eve's Prepaid Insurance account as of December 31,2018?
A) $9,000.
B) $18,000.
C) $30,000.
Correct Answer:
Verified
Correct Answer:
Verified
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