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Check my w Required information The following information applies to the questions displayed below.) A company makes the paym
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Answer #1

Answer) Non current asset - $524

Current asset -  $3144

Explanation:

Expired insurance as on 31 Dec 2019 - 6288 x 10 / 24 = 2620

Unexpired insurance as on 31 Dec 2019 - 6288 - 2620 = 3668

Unexpired insurance expiring in 2020 - 6288 x 12 / 24 = 3144

Unexpired insurance expiring in 2021 = 6288 x 2 / 24 = 524

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