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On 7/1/22 Bituach inc. purchased a 2 year insurance policy(expiring 6/30/24) for $10,000. What will...

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Accounting

On 7/1/22 Bituach inc. purchased a 2 year insurance policy(expiring 6/30/24) for $10,000.

What will be reported as prepaid insurance and as insurance expense on bituachs 12-31/22 financial statements?

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