What is platinums insurance revenue


Question: Platinum Insurance collected insurance premiums of $18,000,000 from its customers during the current year. The adjusted balance in the unearned insurance premiums account decreased from $8,000,000 to $6,000,000 during the year. What is Platinum's insurance revenue for the current year? $10,000,000,$ 20,000,000 .

 

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Accounting Basics: What is platinums insurance revenue
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