Which of the following accounts belongs in the liability section ...

[CharlieWard]

Which of the following accounts belongs in the liability section of a balance sheet?
 
  A) interest expense B) preferred stock
  C) accumulated depreciation D) accounts payable

Question 2

Robert purchased an unendorsed Homeowners 3 policy.
 
  He is concerned that if his personal property is destroyed, the insurer will take depreciation into consideration when determining the loss settlement and will pay him less than the amount needed to purchase new property. Which endorsement can Robert add to his Homeowners 3 policy to address this concern?
  A) inflation guard endorsement
  B) personal injury endorsement
  C) personal property replacement cost endorsement
  D) earthquake endorsement

[HandsomeMarc]

Answer to Question 1

D

Answer to Question 2

Answer: C

[CharlieWard]

TYSM

[mjenn52]

Thanks for the timely response, appreciate it