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Author Question: Larry has 25,000 of bodily injury liability coverage under his PAP. This limit is the minimum amount ... (Read 80 times)

misspop

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Larry has 25,000 of bodily injury liability coverage under his PAP. This limit is the minimum amount required by his state to be considered financially responsible.
 
  While on a vacation, Larry visited a neighboring state which has a minimum financial responsibility limit of 50,000 for bodily injury. Which of the following statements describes the situation for Larry while he was in the neighboring state?
  A) Larry's policy was suspended while he was in the neighboring state.
  B) Larry had only 25,000 of liability coverage.
  C) Larry's policy automatically provided 50,000 of liability coverage.
  D) Larry's policy automatically provided 100,000 of liability coverage.

Question 2

If a company's cash balance increases during the year, and the company also reports positive net
  income, then the company's retained earnings balance must increase.
 
  Indicate whether the statement is true or false


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ktidd

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misspop

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Reply 2 on: Jul 11, 2018
Wow, this really help


ryansturges

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Reply 3 on: Yesterday
Gracias!

 

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