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Home Q & A Board Other Fields Homework Help Business Accounting
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stfajar stfajar
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5 years ago
Heartland Corporation records all insurance premiums as prepaid insurance.  Additional information for the current year is presented below:

Prepaid Insurance, January 1$61,000
Insurance expense for year$150,000
Prepaid Insurance, December 31$78,000

What were the total amount of insurance premiums paid during the year?
A) $228,000
B) $167,000
C) $139,000
D) $150,000
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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MP9MP9
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5 years ago
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jada,  gabi0315

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stfajar Author
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#2
5 years ago
Thank you for your assistance, again and again
MP9
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#3
5 years ago
My pleasure
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