The premium on a three-year insurance policy purchased on June 30, 2015, was$36,000. What is the amount of insurance expense that should be presented on the company's income statement for the year ended December 31, 2015?
A)$500.
B)$3,000.
C)$8,000.
D)$1,000.
E)$6,000.

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The Answer of The premium on a three-year insurance policy purchased on June 30, 2015, was$36,000. What is the amount of insurance expense that should be presented on the company's income statement for the year ended December 31, 2015?
A)$500.
B)$3,000.
C)$8,000.
D)$1,000.
E)$6,000.

The Premium on a Three-Year Insurance Policy Purchased on June