insurance company financial reports
Explain that each of the following items should appear in the financial statements of a company?
(1) The accounting department found that an entry was made last year to prepay insurance rather than insurance costs. The after-tax charge prepaid insurance was $ 11,000. (2) A plants of the company was destroyed by earthquatke. The area has not reported an earthquake. The amount of loss, net of taxes, was $ 850,000.
Hey man, not to become a CFO getting your responses easily. Hit the books and do it well. I had to do it that way too.
Health insurance/financial services + cloud still don’t mix
