Fink Insurance Collected Premiums of $18,000,000 from Its Customers During

Multiple Choice

Fink Insurance collected premiums of $18,000,000 from its customers during the current year. The adjusted balance in the Deferred premiums account increased from $6 million to $8 million dollars during the year. What is Fink's revenue from insurance premiums recognized for the current year?

A) $10,000,000.
B) $16,000,000.
C) $18,000,000.
D) $20,000,000.