alicat43141 alicat43141

22-02-2024
Business

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On July 1, 2022, Ling Co. pays $12,400 to Marsh Co. for a 2-year insurance. Both companies have fiscal years ending December 31. What is the credit amount?

a. $6,200
b. $12,400
c. $24,800
d. $37,200

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