0
Add your answer:
Earn +20 pts
What is a premium expense charge?
A premium expense charge imposed by an insurer is typically found on universal life insurance policies and is designed to enable the insurer to recover its business acquisition costs and premium taxes.
Do you capitalize freight charges on equipment?
No. Freight charges are an expense item.
What kind of expense is bank charges?
indirect exp
The number of times interest charges are earned is computed as?
Type y income before income tax plus interest expense, divided by interest expense our answer here...
What is whole life coverage?
Whole life insurance provides for a level premium, and a cash value table included in the policy guaranteed by the company. The primary advantages of whole life are guaranteed death benefits, guaranteed cash values, fixed and known annual premiums, and mortality and expense charges will not reduce the cash value shown in the policy. read more at http://www.lemonshell.com/wealth/lifeinsurance2.aspx
Restructuring charges be classified as an operating expense or as a nonoperating expense?
Should restructuring charges be classified as an operating expense or as a nonoperating expense?
What is a premium expense charge?
A premium expense charge imposed by an insurer is typically found on universal life insurance policies and is designed to enable the insurer to recover its business acquisition costs and premium taxes.
Do you capitalize freight charges on equipment?
No. Freight charges are an expense item.
What is premium loading in insurance?
Premium loading is an amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.
What kind of expense is bank charges?
indirect exp
What best describes gross annual premium?
In fact, gross annual premium includes tax element including service tax charged on premium amount.
What is loading in insurance?
Premium loading is an amount an insurance company adds to the basic premium to cover the expense of securing and maintaining the business.
What is 5664466 nambar?
it is a shortcode with premium charges for some service
Should restructuring charges be classified as an operating expense or as a non operating expense?
Non-operating I believe, because they are non-recurring
Is shipping expense a mixed cost?
Yes. Shipping cost is a combination of fixed and variable expense. Fixed expense of shipping would be payment and insurance. Variable expense of shipping would be fuel cost.
When a bond is bought at a premium do you recognize income or expense?
You have a high probability of creating a principle loss.
Is insurance an operating expense or general expense?
it depends on the type of insurance.. workers compensation insurance, health, dental, or vision are all payroll expense.. building insurance is an operating expense.. Payment of insurance premium should always be treated as general expense,to be shown in the debit side of the Profit & Loss A/c of a Company,whether it is payroll expense for its employees. While preparing individual Balance Sheet, payment of insurance premium where life, medical,home owner or else, should be shown as payment/expenditure and to claim benefits under Income Tax Act.
