Eve's Apples opened its business on January 1, 2021, and paid for two insurance policies...
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Eve's Apples opened its business on January 1, 2021, and paid for two insurance policies effective that date. The policy for equipment damage was $36,000 for 18 months, and the crop damage policy was $12,000 for a two- year term. What is the balance in Eve's prepaid insurance as of December 31, 2021? O A) $9,000. B) $18,000. C) $30,000. o D) $48,000. w
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