On April 1,a company paid the $1,350 premium on a three-year insurance policy with benefits beginning on that date.What amount of the insurance expense will be reported on the annual income statement for the first year ended December 31?
A)$1,350.00.
B)$450.00.
C)$1,012.50.
D)$337.50.
E)$37.50.

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The Answer of On April 1,a company paid the $1,350 premium on a three-year insurance policy with benefits beginning on that date.What amount of the insurance expense will be reported on the annual income statement for the first year ended December 31?
A)$1,350.00.
B)$450.00.
C)$1,012.50.
D)$337.50.
E)$37.50.

On April 1,a Company Paid the $1,350 Premium on a Three-Year