In which of the following situations would the largest amount be recorded as an expense of the current year? (Assume accrual basis accounting.)
A.
$1,200 cash dividends are declared and paid.
B.
$4,000 is paid in January for equipment with a useful life of four years.
C.
$1,800 is paid in January for a two-year fire insurance policy.
D.
$900 is paid to an attorney for legal services rendered during the current year.