an insurance premium would be an example of\n a. a long - term liability.\n b. real property\n c. a current…

an insurance premium would be an example of\n a. a long - term liability.\n b. real property\n c. a current asset\n d. a current liability.

an insurance premium would be an example of\n a. a long - term liability.\n b. real property\n c. a current asset\n d. a current liability.

Answer

Answer:

D. a current liability

Brief Explanations:

An insurance premium paid in advance is typically a current liability as it represents an obligation that will be fulfilled in the short - term. It's money received by the insurer that it owes to provide coverage over a short - term period.