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What is the impact on the income statement

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Question - A company pays its insurance policy for the calendar year of £78,000 on 1st January. On 31st March, what is the impact on the Income Statement, Balance Sheet and Cash Flow?

Reference no: EM131880736

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What is the impact on the income statement : A company pays its insurance policy for the calendar year of £78,000 on 1st January. On 31st March, what is the impact on the Income Statement
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