Author Question: Finished goods held for sale are inventory, but raw materials to be used in the production process ... (Read 106 times)

luminitza

  • Hero Member
  • *****
  • Posts: 555
Finished goods held for sale are inventory, but raw materials to be used in the production process
  are considered other assets.
 
  Indicate whether the statement is true or false

Question 2

John has an auto which is covered for collision losses subject to a 250 deductible. Kate's auto also has collision coverage but her deductible is 500.
 
  Which of the following statements describes how a 2,000 collision loss will be paid if it occurs when John borrows Kate's car because his car is in the shop for repairs?
  A) John's policy will pay 1,500, and Kate's policy will pay nothing.
  B) John's policy will pay 1,750, and Kate's policy will pay nothing.
  C) Kate's policy will pay 1,750, and John's policy will pay nothing.
  D) Kate's policy will pay 1,500, and John's policy will pay 250.


b614102004

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

FALSE

Answer to Question 2

Answer: D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

For a complete list of videos, visit our video library