User Account

All Pages

How much is the amount due from ceding company

Assignment Help Financial Accounting
Reference no: EM132885095

On January 1, 2019, AAA insurance co. entered into reinsurance contract with CCC Co. for a premium of P2,000. Commission expense incurred on the reinsurance contract issued is 10%.

Question 1: How much is the amount due from ceding company (book of reinsurer)?

Question 2: How much is the amount of commission income recognized by cedant?

Reference no: EM132885095

Questions Cloud

What is transfer of training : What is transfer of training and what are the factors that impact transfer of training?
Types of business pressure : 1. Identify and elaborate 3 types of business pressure that comes with being a Strategic HR Talent-People Business Leader that he/she is likely to face.
Child with delay or disability : How you could build trust, respect, and commitment with a family who has a child with a delay or disability
Prepare journal entry to record payment of this note : Robinson Company completed the following transaction during the last three months of 2019. Prepare journal entry to record payment of this note
How much is the amount due from ceding company : How much is the amount due from ceding company (book of reinsurer)? How much is the amount of commission income recognized by cedant?
Diagnostic-formative and summative assessments : Describe the difference between diagnostic, formative, and summative assessments.
Journalize the transactions and the closing entries : ommon Stock ($26 par value, 52,500 shares issued and outstanding) $1,365,000. Journalize the transactions and the closing entries
How much is the fair value traded in merchandise : How much is the fair value traded in merchandise? How much is the total Realized Gross Profit in 2018? How much is the monthly payment?
Indirectly with stakeholders of organization : What leadership style(s) would you choose and why to promote the sharing of knowledge directly and indirectly with the stakeholders of an organization?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd