Finance

In relation to the balance sheet, an income statement shows A) net

In relation to the balance sheet, an income statement shows A) net worth, not the period’s savings or dissavings. B) the period’s savings or dissavings, not net worth. C) activities at a point in time, not over a period of time. D) financial position, not financial performance.     ANSWER B

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Date: September 19th, 2020

Which of the following is a characteristic of most inland marine float

Which of the following is a characteristic of most inland marine floater policies? A) The insurance can be tailored to the specific type of personal property insured. B) Coverage amounts are pre-specified by the insurer and cannot be changed. C) Coverage is normally written on a named-perils basis. D) Covered property is insured only when […]

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Date: September 19th, 2020