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Author Question: The generation of cash budgets and and pro forma financial statements are equivalent ways of ... (Read 88 times)

stephzh

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  • Posts: 556
on: Jul 11, 2018
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


gstein359

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

TRUE

Answer to Question 2

Answer: B


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