Which term refers to a giant specialty store with a very deep assortment of a particular product line?

Which of the following items is not a benefit of standard insurance policies?

A) Smaller insurers can offer cheaper insurance than larger companies if standard policies are used. B) Litigation should be reduced as policy meaning becomes understood. C) Consumers are more likely to learn the meaning of standard policies. D) Data collection and loss rate computation are easier and more accurate.

Dolphin Co. received $1,500 in fees during 2014, 1/3 of which will be earned in 2015, the rest was earned when the amount was received. The company should report which of the following amounts as income in 2014?

A. $1,500. B. $500. C. $1,000. D. $0.