Final answer:
To determine how much prepaid insurance remained as of a certain date, you need to know the total amount of prepaid insurance and the amount that has been used up or expired.
Step-by-step explanation:
Prepaid insurance is an amount paid in advance for insurance coverage. To determine how much prepaid insurance remained as of a certain date, you would need to know the total amount of prepaid insurance and the amount that has been used up or expired.
For example, let's say a company paid $12,000 for a one-year insurance policy. After 6 months, which is half of the policy period, $6,000 of the insurance has been used up. In this case, as of the 31st day, $6,000 of prepaid insurance would remain.
Without specific information about the total amount of prepaid insurance and any amounts that have been used up, it is not possible to determine how much prepaid insurance remained as of the 31st day.