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Calculate the amount of insurance expense

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Question - The premium on a three-year insurance policy purchase on April 30th, 2019 was $18 000 for the coverage to begin immediately. Calculate the amount of insurance expense that should be presented in the company's income statement for the year ended December 31, 2019.

A. $2,000

B. $6,000

C. $12,000

D. $4,000

Reference no: EM132523945

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