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Business, 14.04.2020 20:13 1963038660

On May 1, a two-year insurance policy was purchased for $18,000 with coverage to begin immediately. What is the amount of insurance expense that would appear on the company's income statement for the first year ended December 31? a. $1,800.b. $12,600.c. $14,400.d. $16,200.e. $43,200.

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