The face value of the insurance policy is RO 400000 and the rate of insurance premium is RO 25 per thousand and the premium paid monthly. Which one of the following is premium paid monthly? a. RO 510 O b. RO 875 O c. None of the options d. RO 260

The face value of the insurance policy is RO 400000 and the rate of insurance premium is RO 25 per thousand and the premium paid monthly. Which one of the following is premium paid monthly? a. RO 510 O b. RO 875 O c. None of the options d. RO 260

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

100%

The face value of the insurance
policy is RO 400000 and the rate of
insurance premium is RO 25 per
thousand and the premium paid
monthly. Which one of the
following is premium paid
monthly?
a. RO 510
O b. RO 875
O c. None of the options
O d. RO 260

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