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givi [52]
3 years ago
12

Fink Insurance collected premiums of $17,900,000 from its customers during the current year. The adjusted balance in the Deferre

d premiums account increased from $4.0 million to $8.4 million dollars during the year. What is Fink's revenue from insurance premiums recognized for the current year?a. $22,300,000.b. $9,500,000.c. $13,500,000.d. $17,900,000.
Business
1 answer:
saw5 [17]3 years ago
5 0

Answer:

Fink's revenue from insurance premiums for the current year is: $13,500,000

Explanation:

Insurance premiums recognised for the current year -

Insurance collected + Beginning Deferred premiums account - Ending Deferred premiums account

= $ 17,900,000 + 4,000,000 - 8,400,000 = $13,500,000

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Answer:

C) signature

Explanation:

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7 0
2 years ago
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6. The recommended approach for strategy formulation by a leader is for him or her to: Group of answer choices B. inspire a larg
larisa86 [58]

Answer:

B. inspire a large number of people to help achieve organizational purposes.

Explanation:

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3 years ago
Suppliers deliver product to restaurants on a regular schedule throughout the week. You are responsible for checking delivery or
Katen [24]

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Explanation:

6 0
2 years ago
Branch Corporation issued $5 million of commercial paper on March 1 on a nine-month note. Interest was discounted at issuance at
defon

Answer:

Journal Entry

March 1

Dr. Cash                                     $4,550,000

Dr. Discount on Note Payable $450,000  

Cr. Note payable                      $5,000,000

December 1

Dr. Interest Expense                 $450,000

Cr. Discount on Note Payable $450,000  

Dr. Note payable                      $5,000,000

Cr. Cash                                     $5,000,000

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