Multiple Choice
Fink Insurance collected premiums of $18,000,000 from its customers during the current year. The adjusted balance in the Unearned premiums account increased from $6 million to $8 million dollars during the year. What is Fink's revenue from earned insurance premiums for the current year?
A) $10,000,000.
B) $16,000,000.
C) $18,000,000.
D) $20,000,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: When the amount of revenue collected in
Q2: When Castle Corporation pays insurance premiums, the
Q7: Use the following to answer questions <br>
Q8: Prepare the closing entries for China Tea
Q20: Cost of goods sold is:<br>A) An asset
Q24: Debits increase asset accounts and decrease liability
Q44: The payment of cash to a supplier
Q46: When converting an income statement from a
Q87: A reversing entry at the beginning of
Q112: The account titles to be responded to