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6. Fink Insurance collected premiums of $18,000, ice collected premiums of $18,000,000 from its customers during the current year. The adjusted balance in the unearned
6. Fink Insurance collected premiums of $18,000, ice collected premiums of $18,000,000 from its customers during the current year. The adjusted balance in the unearned premiums account jums account increased from $6 million to $8 million during the year. What were Fink's revenues from earned insurance premiums for the current year? 7. Eve's Apples opened business on January 1, 20x6 and paid for two insurance policies effect that date. The liabilities was $36,000 for 18-months, and the crop damage policy was $12,000 for a 2-year term. What was the balance in Eve's prepaid insurance as of December 31, 20X6? 8. In its first year of operations, Best Corp had income before tax of $500,000. Best made income tax payments totaling $210,000 during the year and has an income tax rate of 40%. What was Best's net income for the year? D 16 ohodobosco Lobos
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