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What will be the insurance expense

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Question - On April 1, a company paid the RM1,350 premium on a three-year insurance policy with benefits beginning on that date. What will be the insurance expense on the annual income statement for the year ended December 31?

a. RM37.50.

b. RM450.00.

c. RM337.50.

d. RM1,012.50.

e. RM1,350.00.

Reference no: EM132944093

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