The Pro Rata Portion of Premiums Written Allocable to Unexpired

question 280

Multiple Choice

The pro rata portion of premiums written allocable to unexpired policy periods represents unearned premiums, which are reflected as ___________ in the balance sheet.

• A) Liabilities
• B) Expenses
• C) Revenues
• D) None of the above

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Definitions:

Military Movements

The strategic deployment and relocation of armed forces and their equipment within or between areas of operations.

Heels Together

"Heels together" refers to a position where the heels of both feet are placed directly next to each other, often used in dance, martial arts, or military parade.

Encyclopedias

Comprehensive reference works that provide summaries on a wide range of subjects or on numerous aspects of a particular field.

Almanacs

Annual publications providing a wide array of information including weather forecasts, farmers' planting dates, and various statistics and articles.