Fink Insurance Collected Premiums of $18,000,000 from Its Customers During

question 43

Multiple Choice

Fink Insurance collected premiums of $18,000,000 from its customers during the current year. The adjusted balance in the Deferred premiums account increased from $6 million to $8 million dollars during the year. What is Fink's revenue from insurance premiums recognized for the current year?

• A) $10,000,000.
• B) $16,000,000.
• C) $18,000,000.
• D) $20,000,000.

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