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Takaful company has the following information: Earned contributions SR 500 Short-term investment SR 150 Net income SR 100 Gross contributions SR 600 Average investment accounts
Takaful company has the following information:
- Earned contributions SR 500
- Short-term investment SR 150
- Net income SR 100
- Gross contributions SR 600
- Average investment accounts SR 300
- Short-term liabilities SR
- Short term investment SR 200
- Contributions receivable SR 100
- Claims payable SR 100.
What is the contribution receivable to gross contributions?
| a. | 16.6 % | |
| b. | 45% | |
| c. | 30% | |
| d. | 20% |
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
4th Edition
978-0133251241, 9780133427516, 133251241, 013342751X, 978-0133255584
