Accounting For Governmental And Not For Profit Entities
Accounting For Governmental And Not For Profit Entities
17th Edition
ISBN: 9781308700441
Author: RECK
Publisher: MCGRAW-HILL HIGHER EDUCATION
Question
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Chapter 16, Problem 8Q
To determine

Explain the concept of premium revenue and the way it is recognized and also discuss the concept of premium revenue that is relative to the revenue recognition and matching concept in accounting.

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