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Business, 10.10.2019 23:30 loredohome

On january 1, 2013, craig company paid the premium on a four-year insurance policy in the amount of $12,000. at that time, the full amount paid was recorded as prepaid insurance. after recording the correct adjusting entry for the insurance policy on december 31, 2015, craig company's records would reflect what balance in the prepaid insurance account?
a. $6,000
b. $9,000
c. $3,000
d. $4,000
e. $0

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On january 1, 2013, craig company paid the premium on a four-year insurance policy in the amount of...
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