A 12-month policy is written on April 1, 2021, for a premium of $1,200. As of...
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A 12-month policy is written on April 1, 2021, for a premium of $1,200. As of December 31, 2021, what are the following amounts for this policy: Written Premium (calendar year 2021) Earned Premium (calendar year 2022) In-force premium (as of 12/31/2021) A 12-month policy is written on April 1, 2021, for a premium of $1,200. As of December 31, 2021, what are the following amounts for this policy: Written Premium (calendar year 2021) Earned Premium (calendar year 2022) In-force premium (as of 12/31/2021)
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The policy was written on April 1 2021 so it covers a period of 12 months star... View the full answer
Related Book For
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
Posted Date:
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