Question
Fink Insurance collected premiums of $19,000,000 from its customers during the current year. The adjusted balance in the Deferred premiumsrevenue account increased from $5.0 million
Fink Insurance collected premiums of $19,000,000 from its customers during the current year. The adjusted balance in the Deferred premiumsrevenue account increased from $5.0 million to $9.5 million dollars during the year. What is Fink's revenue from insurance premiums recognized for the current year?
Multiple Choice
- $14,500,000.
- $19,000,000.
- $23,500,000.
- $9,500,000.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
A First Course In Probability
Authors: Sheldon Ross
9th Edition
978-9332519077, 9332519072
