Question
KYLE: I heard you recently left public accounting for a new job. MATT: After 60- to 70-hour weeks, I decided to accept a fantastic offer
KYLE: I heard you recently left public accounting for a new job.
MATT: After 60- to 70-hour weeks, I decided to accept a fantastic offer from one of our clients.
KYLE: what Company did you decide to go with?
MATT: American Insurance Company. I will be dealing with the accounting of insurance contracts.
KYLE: Sounds like a very technical area of accounting.
MATT: It sure is. Im currently trying to learn the difference between cost recovery and the deposit method of accounting for various insurance contracts.
Required: Provide specific Codification references that explain the two accounting models that Matt is investigating.
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Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
978-1285868806, 1285868803, 978-1305691254, 978-1305465640, 1305465644, 978-1285866307
