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Author Question: All of the following losses are excluded from coverage under Section II of an unendorsed Homeowners ... (Read 58 times)

NguyenJ

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on: Jul 11, 2018
All of the following losses are excluded from coverage under Section II of an unendorsed Homeowners 3 policy EXCEPT
 
  A) Phyllis, a medical technician, misread a lab test and the patient is suing her.
  B) While using his canoe, Bert hit another canoe. The other canoe sank. Bert is being sued.
  C) Violet runs a for-profit daycare service in her home. The parents of a child injured while in Violet's care are suing Violet.
  D) The homeowner's son was injured when he fell off a swing in the homeowner's yard.

Question 2

It is common to use the change in long-term debt as a plug figure in the construction of a pro forma balance sheet. However, if the firm does not have long-term debt, which of the following could substitute as the final plug figure?
 
  A) changes in short-term debt
  B) changes in new equity
  C) changes in the cash balance
  D) All of the above


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pallen55

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

Answer: B

Answer to Question 2

D


NguyenJ

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Reply 2 on: Jul 11, 2018
Thanks for the timely response, appreciate it

Joy Chen

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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