The generation of cash budgets and and pro forma financial statements are equivalent ways of forecasting financial needs.
Indicate whether the statement is true or false
Question 2
Which of the following statements about ocean marine insurance coverages is (are) true?
I. Hull insurance limits coverage to the breakdown of a ship's machinery and equipment.
II. Protection and indemnity insurance provides liability insurance to the ship owner for bodily injury and property damage to third parties.
A) I only
B) II only
C) both I and II
D) neither I nor II
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