LMN Mutual Insurance Company has total liabilities of $300 million. Th
LMN Mutual Insurance Company has total liabilities of $300 million. The company has total assets of $380 million. What is LMN’s policyholders’ surplus?
A) $680 million
B) $340 million
C) $80 million
D) -$80 million
ANSWER
Answer: C
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