No Fault Insurance Company collected a premium of $18,000 for a 1-year insurance policy on April 1.
Question:
No Fault Insurance Company collected a premium of $18,000 for a 1-year insurance policy on April 1.
What amount should No Fault report as a current liability for Unearned Insurance Premiums at December 31?
(a) $0.
(c) $13,500.
(b) $4,500.
(d) $18,000.
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Related Book For 
Accounting Tools For Business Decision Making
ISBN: 9780470534786
4th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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