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.
Correct Answer:
Verified
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