Which of the following statements about the additional coverages included in Section II of the homeowners policy is true?
A) Damage to property of others is covered only if the insured is legally liable.
B) Damage to property arising out of a business engaged in by the insured is covered.
C) Interest that accrues on a judgment after the judgment is awarded but before the judgment is paid is covered under claims expenses.
D) First aid expenses incurred by the insured for a bodily injury covered under the policy are not covered.
Question 2
Which of the following accounts does NOT belong on the asset side of a balance sheet?
A) marketable securities B) accounts receivable
C) cash D) common stock
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