2014 Fall 12 c)
My answer for this question is 'Uncollectible reinsurance: we should disclose the amount.'
It's not listed in the sample answer. I'm curious if this is an acceptable answer
It looks like you're new here. If you want to get involved, click one of these buttons!
My answer for this question is 'Uncollectible reinsurance: we should disclose the amount.'
It's not listed in the sample answer. I'm curious if this is an acceptable answer
Comments
Yes, it is. Uncollectibility is one of the reasons for/sections of the reinsurance note. Looking at the sample answers, it seems we are free to suppose any of the problems associated with this note may manifest themselves. So, your answer would also be acceptable.