What will they include as the insurance expense

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CR plc has an accounting year end of 31 December. They pay their buildings in annually. The insurance runs from 1 July to 30 June. Payment is made June for the forthcoming year.

In June 2008 they paid $1, 400 In June 2009 they paid $1,000. What will they include as the insurance expense in their profit and loss account for 2009?

Reference no: EM131445769

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