Financial reporting quiz liabilities

Match US GAAP published line items to proper section in a financial statement (Assets/Liabilities/Revenues/Expenses).

•Change in unearned premiums

• IS - Revenues

• BS - Liabilities

• BS - Assets

• IS - Liabilities

Match US GAAP published line items to proper section in a financial statement (Assets/Liabilities/Revenues/Expenses).

•Unpaid claims and claim adjustment expenses

• IS - Revenues

• BS - Liabilities

• BS - Assets

• IS - Expenses

Match US GAAP published line items to proper section in a financial statement (Assets/Liabilities/Revenues/Expenses).

•Deferred acquisition costs

• IS - Revenues

• BS - Liabilities

• BS - Assets

• IS - Expenses

Match US GAAP published line items to proper section in a financial statement (Assets/Liabilities/Revenues/Expenses).

•Acquisition costs

• IS - Revenues

• BS - Liabilities

• BS - Assets

• IS- Expenses

Match US GAAP published line items to proper section in a financial statement (Assets/Liabilities/Revenues/Expenses).

•Liabilities for L&H benefits

• IS - Revenues

• BS - Liabilities

• BS - Assets

• IS - Expenses

Match US GAAP published line items to proper section in a financial statement (Assets/Liabilities/Revenues/Expenses).

•Fee income from policyholders

• IS - Revenues

• BS - Liabilities

• BS - Assets

• IS - Expenses

Match US GAAP published line items to proper section in a financial statement (Assets/Liabilities/Revenues/Expenses).

•Goodwill

• IS - Revenues

• BS - Liabilities

• BS - Assets

• IS - Expenses

Match US GAAP published line items to proper section in a financial statement (Assets/Liabilities/Revenues/Expenses).

•Short-term debt

• IS - Revenues

• BS - Liabilities

• BS - Assets

• IS - Expenses

Match US GAAP published line items to proper section in a financial statement (Assets/Liabilities/Revenues/Expenses).

•Premiums and other receivables

• IS - Revenues

• BS - Liabilities

• BS - Assets

• IS - Expenses

Calculate net operating margin for Life & Health in 2021.

Net operating margin = EBIT/total revenue

• -2,4

• -2,1

• 2,2

• 2,6