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What amounts should be reported for prepaid insurance

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Reference no: EM133535532

Question: COX LLC paid $15,000 to renew its insurance policy for five years on March 1, 2016, the policy's effective start date. What amounts should be reported for prepaid insurance and insurance expenses in COX LLC's financial statements for the month ending on March 31, 2016

Reference no: EM133535532

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