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.

---

Definitions:

Resident Bacteria

Bacteria that are normally found on or in the human body and do not usually cause disease.

Disease-Causing Microorganisms

Microorganisms, such as bacteria, viruses, fungi, and parasites, that can lead to disease when they infect a host.

Sebum

An oily substance produced by sebaceous glands in the skin, which lubricates and waterproofs the skin and hair.

Epidermis

The outermost layer of the skin that provides a waterproof barrier and creates skin tone.