P13-12 - Premium expense = 72,000(4 BI Pur – Sales = EI...

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P13-12 (1)  5,700,000 x .02 = 114,000 114,000 + 164,000 = 278,000 (2)  164,000 – 136,000 = 28,000 (3)  (1,200,000 / 200) x 20 = 120,000 (1,200,000 / 200) x 32 = 192,000
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Unformatted text preview: Premium expense = 72,000 (4) BI + Pur – Sales = EI 37,600 + 208,000 – 192,000 = 53,600 (5) 33,500...
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