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How much is the amount due from ceding company

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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

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