Author Question: Finished goods held for sale are inventory, but raw materials to be used in the production process ... (Read 112 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?

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?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

For a complete list of videos, visit our video library