What is The Definition of Acquisition Costs?
For example, direct costs to purchase a premium through an insurance company. B. The commission is paid to the broker or shell company. This cost should be recorded as the corresponding premium cost in the same proportion. For calendar year policies, these expenses are recognized as expenses for each month and the amount recognized as expenses for future periods is recognized as deferred (asset) expenses in the balance sheet.
The cost of receiving new business awards and maintaining business renewal. Coverage includes business ordering, policy issuance, gift collection, agent payments, on-site surveillance, advertising and other expenses including reasonable written gift acquisition and deduction.
Literal Meanings of Acquisition Costs
Meanings of Acquisition:
An item or item that is usually purchased or received from a library or museum.
Study or develop a skill, habit or quality.
Sentences of Acquisition
Synonyms of Acquisition
purchase, accession, addition, asset, assumption, assuming, taking on, acquiring, acquisition, affecting, affectation, espousal, advocacy, promotion, appropriation, arrogation
Meanings of Costs:
Payment (a fixed amount of money) is required before the acquisition or realization of (an item or action).
Sentences of Costs
Each issue of the magazine costs 1
Synonyms of Costs
be priced at, sell for, be valued at, fetch, come to, amount to, be, value, price, put a price on, put a value on, put a figure on, estimate the cost of, estimate the price of, evaluate, asking price, market price, selling price, fee, tariff, fare, toll, levy, charge, hire charge, rental