FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vintage Wine Insurance Inc. offers insurance on wine collections At the end of 2020, Vintage Wine Insurance Inc. had deferred insurance revenue of $ 82000.

image text in transcribed
Vintage Wine Insurance Inc. offers insurance on wine collections At the end of 2020, Vintage Wine Insurance Inc. had deferred insurance revenue of $ 82000. During 2021. Vintage Wine Insurance Inc. signed new insurance contracts for $ 61000. At the end of 2021. Vintage Wine Insurance Inc. had deferred insurance revenue of $ 86000 How much revenue would Vintage Wine Insurance Inc. recognize from its insurance contracts during 20212

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing

Auditing

Authors: Alan Millichamp, John Taylor

10th Edition

1408044080, 978-1408044087

More Books

Students also viewed these Accounting questions

Question

★★★★★
What is the yield to maturity for the bond issued by Xenon Inc.?

Answered: 1 week ago

Question

★★★★★
=+1. Describe three benefits of the reward practices at Hilcorp. Explain not only the benefit but how or why it works.

Answered: 1 week ago

Question

★★★★★
Faced with headquarters desire to add a new product line, Stefan Grenier, manager of Bilti Products East Division, felt that he had to see the numbers before he made a move. His divisions ROI has led...

Answered: 1 week ago

Question

★★★★★
An analyst has compiled the following information regarding Rubsam, Inc. Liabilities at year - end 1,000 Contributed capital at year - end 500 Beginning retained earnings 600 Revenue during the year...

Answered: 1 week ago

Question

★★★★★
Discussion Topic:Social Contract Considerthe circumstances under which the failure to make good on a social contractsuch as attendingthe promcan give rise to civil liability. Wasanenforceable...

Answered: 1 week ago

Question

★★★★★
(b) A Refrigerant-134a (R-134a) with a rate of 0.1 kg/s enters a condenser of a heat pump at 700 kPa and 40C. R-134a leaves the condenser as a saturated liquid with a constant pressure. The rate of...

Answered: 1 week ago

Question

★★★★★
1. (no R needed) Consider the following causal seasonal model xt = xt-4+ Wt Owt-1 where and are nonzero and the variance of the Gaussian white noise terms is 2. (a) Identify the values of p, d, q, P,...

Answered: 1 week ago

Question

★★★★★
Q2) a) From the phase diagram given below; determine the composition, temperature and the type of the transformation for the three phase reactions. b) Schematically show the microstructures that will...

Answered: 1 week ago

Question

★★★★★
In a study of risk factors for cardiovascular disease, researchers measured the serum cholesterol levels of independent samples of women and men, all between the ages of 55 and 64. The following...

Answered: 1 week ago

Question

★★★★★
1. Nonlinear Optimization (45 points) For the following problem min x + x2 a) Set up the KKT conditions s. t. x1 + x2 1.5 x12-2x20 b) Solve the problem by checking the four options a. Both...

Answered: 1 week ago

Question

★★★★★
2. Do you think it is realistic to attempt to encourage a lifetime of customer patronage in todays uncertain business climate? Elaborate on your response.

Answered: 1 week ago

Question

★★★★★
The financial area of your life: Where are you living? In what type of home? How much money do you have in savings and investments? What kind of car are you driving?

Answered: 1 week ago

Question

★★★★★
You have discovered that your boss lied on her rsum about her academic credentials. She is being considered for a new position in your organization, but you believe you are more qualified than she...

Answered: 1 week ago

Previous Question Next Question