Gumamela Company has a  $5,000,000 life insurance policy on its CEO of which Gumamela is the beneficiary. Information regarding the policy for one year ended December 31, 2019 follows:Cash surrender value, 1/1/19 - $435,000; Cash surrender value. 12/31/19- $540.000; annual advance premium paid for the year - $200,000. During 2019, dividends of P30,000 were applied to increase the cash surrender value of the policy. What should be the life insurance expense for 2019?

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Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.