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Author Question: Pro forma financial statements are an accountant's way of looking back to see what might have been. ... (Read 33 times)

lb_gilbert

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on: Jul 11, 2018
Pro forma financial statements are an accountant's way of looking back to see what might have been.
 
  Indicate whether the statement is true or false

Question 2

Which of the following statements concerning the coverage of collapse of the dwelling under an unendorsed Homeowners 3 policy is true?
 
  A) There is no coverage for collapse, regardless of the cause of the collapse.
  B) Collapse is covered if it is caused by one of the Coverage C perils.
  C) If collapse is caused by an earthquake, the loss is covered.
  D) There is no coverage for collapse unless the proper endorsement is added to the policy.


Silverbeard98

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Reply #1 on: Jul 11, 2018
Answer to Question 1

FALSE

Answer to Question 2

Answer: B


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