Eves apples opened business on january 1 2011 and paid for, Ask an Expert

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Eve's Apples opened business on January 1, 2011, and paid for two insurance policies effective that date. The liability policy was $36,000 for eighteen months, and the crop damage policy was $12,000 for a two-year term. What was the balance in Eve's prepaid insurance as of December 31, 2011?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9446951

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