Fink Insurance collected premiums of $18,300,000 from its custómersi during the current year. The adjusted balance in the Deferred- premiums revenue account increased from $5.0 million to $9.3 million dollars during the year What is Finkls revenue from insurance premium recognized for the current year? Multiple Cholce $9,000,000. $22,600.000. $14,000,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Multiple Cholice
$9,000,000.
$22,600,000.
$14,000,000.
$18.300,000.
Transcribed Image Text:Multiple Cholice $9,000,000. $22,600,000. $14,000,000. $18.300,000.
Fink Insurance collected premiums of $18,300,000 from its customers during the current year. The adjusted balance in the Deferred
premiums revenue account increased from $5.0 million to $9.3 million dollars during the year. What is Fink's revenue from insurance premium
recognized for the current year?
Multiple Choice
$9,000,000.
$22,600.000.
$14,000,000
Transcribed Image Text:Fink Insurance collected premiums of $18,300,000 from its customers during the current year. The adjusted balance in the Deferred premiums revenue account increased from $5.0 million to $9.3 million dollars during the year. What is Fink's revenue from insurance premium recognized for the current year? Multiple Choice $9,000,000. $22,600.000. $14,000,000
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