If insurance expense is $27,000 and the beginning and ending Prepaid Insurance balances are $3,000...
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Accounting
If insurance expense is $27,000 and the beginning and ending Prepaid Insurance balances are $3,000 and $4,500, respectively, cash paid for insurance is:
Select one:
A. $25,500
B. $27,000
C. $28,500
D. Not determinable from the information given
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