Q12
I know this was recently changed on the wiki, but just noting it is still in the practice exam: Dividends to policyholders is being removed from 'Other Income' when it should be removed from 'Net Income' itself.
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I know this was recently changed on the wiki, but just noting it is still in the practice exam: Dividends to policyholders is being removed from 'Other Income' when it should be removed from 'Net Income' itself.
Comments
Removing PHD from Other Income effectively removes it from Net Income. Net income is defined to be after removal of PHD.