When cash is paid in advance for an insurance policy that covers the next year,how is the accounting equation affected by the cash payment for the insurance?

Name: When cash is paid in advance for an insurance policy that covers the next year,how is the accounting equation affected by the cash payment for the insurance?
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The Answer of When cash is paid in advance for an insurance policy that covers the next year,how is the accounting equation affected by the cash payment for the insurance?

When Cash Is Paid in Advance for an Insurance Policy