6. Which of the following accounting methods show the larger balance sheet and higher profits in the short run? a. All effort basis b. Full-costing c. Full determination d. Successful effort 7. Which of the following load factors would be least likely to be used by United Airlines? a. Per-ton b. Per-person c. Per-gallon d. Per-mile 8. A mutual insurance company is a(n): a. organized group with similar interests. b. incorporated entity, without private ownership interest, operating for the benefit of its policyholders and beneficiaries. c. stock company organized to earn profits for its stockholders. d. company where policyholders participate in the earnings of a society. 9. Policy and contract claims are shown on the balance as an: a. accrued liability net of the recoverable portion. b. asset. c. asset net of the recoverable portion. d. accrued liability plus the recoverable portion. 10. Which of the following statements relating to insurance companies is correct? a. Under GAAP, the balance sheet of an insurance company is classified by current assets and current liabilities. b. The largest liability on the balance sheet is generally unearned premiums. c. Under statutory accounting practices, real estate, not used in operations, is valued at market value on the balance sheet. d. For long-duration contracts, revenue is recognized when the premium is due from he policyholder