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What is the answer to sure enuf inc paid on may

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Question 1: What is the answer to Sure Enuf, Inc. paid $4,800 on May 1, 2012 for 12 months' insurance coverage starting May 1. How much insurance expense should appear on the company's balance sheet at December 31, 2012?

  1. $4,800
  2. $2,800
  3.  $3,200
  4.  $0. Insurance expense does not appear on the balance sheet.

Reference no: EM132496140

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