Question
Sensible Insurance Company collected a premium of $18,000 for a 1-year insurance policy on April 1. What amount should Sensible report as a current liability
Sensible Insurance Company collected a premium of $18,000 for a 1-year insurance policy on April 1. What amount should Sensible report as a current liability for Unearned Service Revenue at December 31?
a)$0
b)$4,500
c)$13,500
d)$18,000
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Political Standards
Authors: Karthik Ramanna
1st Edition
022652809X, 9780226528090
