Fina CorpHad the Following Transaction During the Quarter Ended March 31

question 55

Multiple Choice

Fina Corp.had the following transaction during the quarter ended March 31, 2011:
Payment of fire insurance premium for calendar year 2011 600,000
What amount should be included in Fina's income statement for the quarter ended
March 31, 2011?

• A)$600,000
• B)$150,000
• C)$300,500
• D)$450,000

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Definitions:

Proximal Influences

Factors or elements that have a direct and immediate impact on an individual's behavior or attitudes.

Financial Stability

The condition of having a stable financial situation, where income consistently meets or exceeds expenses.

Social Cognitive Career Theory

A theory that focuses on how individuals' beliefs in their own capabilities affect their career paths, choices, and performance.

Barriers

Obstacles or impediments that hinder progress or prevent the achievement of a goal.