Under current accounting rules, the plant and equipment account shows the historical cost
(purchase price) of, plus any subsequent improvements to, the plant and equipment.
Indicate whether the statement is true or false
Question 2
Under which type of automobile insurance arrangement are all automobile insurers in a state assigned their proportionate share of high-risk drivers based on the total volume of automobile business written in the state?
A) automobile insurance plan
B) unsatisfied judgment fund
C) reinsurance facility
D) specialty automobile plan
