“An insurance premium of $40,000 covers a one-year period from January 1,2015 to December 31,2015. The balance sheet on June 30th, 2015 should reflect________ as prepaid insurance”,”$20

Managerial Accounting
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“An insurance premium of $40,000 covers a one-year period from January 1,2015 to December 31,2015. The balance sheet on June 30th, 2015 should reflect________ as prepaid insurance”,”$20

000″