Masterfalls corporation purchased a one-year insurance policy in january 2013 for $30,000. the insurance policy is in effect from march 2013 through february 2014. if the company neglects to make the proper year-end adjustment for the expired insurance:

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Grade: Education Subject: business
Masterfalls corporation purchased a one-year insurance policy in january 2013 for $30,000. the insurance policy is in effect from march 2013 through february 2014. if the company neglects to make the proper year-end adjustment for the expired insurance:
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30,000 + 30,000 = 60,000 . adjust