Where Is the Deficiency Related to an Unearned Premium Liability

question 17

Multiple Choice

Where is the deficiency related to an unearned premium liability to be reported?

• A) On the face of the income statement
• B) In the statement of comprehensive income
• C) In the insurance contract
• D) In the notes of the insured financial statements

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Definitions:

Proactive Personality

A stable personal disposition that reflects a tendency to take personal initiative across a range of activities and situations and to effect positive change in one’s environment.

Internal Locus of Control

The belief that one controls their own destiny and outcomes are the result of one's own efforts rather than external forces.

High Self-esteem

A person's overall subjective positive evaluation of themselves and their own worth.

Big Five

A model outlining five broad personality traits used to describe human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.