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Author Question: Which of the following accounts belongs in the liability section of a balance sheet? A) interest ... (Read 64 times)

CharlieWard

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on: Jul 11, 2018
Which of the following accounts belongs in the liability section of a balance sheet?
 
  A) interest expense B) preferred stock
  C) accumulated depreciation D) accounts payable

Question 2

Robert purchased an unendorsed Homeowners 3 policy.
 
  He is concerned that if his personal property is destroyed, the insurer will take depreciation into consideration when determining the loss settlement and will pay him less than the amount needed to purchase new property. Which endorsement can Robert add to his Homeowners 3 policy to address this concern?
  A) inflation guard endorsement
  B) personal injury endorsement
  C) personal property replacement cost endorsement
  D) earthquake endorsement


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HandsomeMarc

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

D

Answer to Question 2

Answer: C


CharlieWard

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Reply 2 on: Jul 11, 2018
YES! Correct, THANKS for helping me on my review

bitingbit

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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