On June 1, 2018, Superior Insurance Company Collected $490,000 for a 2-Year

Multiple Choice

On June 1, 2018, Superior Insurance Company collected $490,000 for a 2-year insurance policy beginning on the same date. The company has a December 31 year end. How much Insurance Revenue will be recognized in 2018? (Do not round any intermediary calculations. Round your final answer to the nearest dollar.)

A) $347,083
B) $142,917
C) $245,000
D) $102,083