assume that we report the reinsurance company amount of recoverable claims 35000, expected amo 28000, assume that also the balance of recoverable provision for outstanding claims a-28000 b-2500 30000 what is the adjusting entry

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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assume that we report the reinsurance company amount of recoverable claims 35000, expected amount
28000, assume that also the balance of recoverable provision for outstanding claims a-28000 b-25000 c-
30000 what is the adjusting entry
Transcribed Image Text:assume that we report the reinsurance company amount of recoverable claims 35000, expected amount 28000, assume that also the balance of recoverable provision for outstanding claims a-28000 b-25000 c- 30000 what is the adjusting entry
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