Estimate the cash value of a life insurance policy as of December 31, 2016 based on the
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Question:
Estimate the cash value of a life insurance policy as of December 31, 2016 based on the following information:
Cash value as of January 2016 $90,000
Total premium during the year $ 8,000
Term life annual cost $ 525
Annual expense charge $ 300
Expected return on the policy for 2016 6 %
Related Book For
Accounting
ISBN: 978-1285743615
26th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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