Tiffany L. asked
Can you shed light on the "Investment method of Accounting" being applied to a life insurance policy on the life of a key officer in a HOA, and what would be the likely adjusting journal entries that should have been made when the officer retired? Also, weigh in on whether this accounting treatment is appropriate and address concerns about transparency and governance within the HOA.
March 31st, 2024
Michael C. answered
The "Investment method of Accounting" for a life insurance policy involves treating the policy as an...
March 31st, 2024
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