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What is the insurance expense

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Question: Kappa Ltd has a year end of April 30th. The insurance is paid annually on January 1 of each year. On April 30 2010 there was a prepaid expense of £3,200 in relation to insurance in Kappa's statement of financial position. On January 1 2011, Kappa paid £5,700 for its insurance.

What is the insurance expense that will feature in Kappa's income statement for the year ended 30 April 2011?

Reference no: EM132757988

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