On January 1, 2016, Flathound Properties received $22,800 from a tenant as rent for all of 2016. What journal entry would Flatho
1 answer:
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Answer:
With this policy throughout the long run, the insurance company will make money. A further explanation is provided below.
Explanation:
According to the given values in the question,
The expected value will be:
⇒
By putting all the given values, we get
⇒
⇒
⇒ ($)
As we can see that,
Thus the above is the correct answer.