The balance sheet begins with a list of assets and then lists liabilities and shareholders' equity
Indicate whether the statement is true or false
T
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When is the fraud report prepared?
a. as an ongoing part of the investigation b. in the final stage of the investigation c. once the investigation is completed d. as soon as the suspect orally confesses
The cost of raw materials used is usually a variable cost
Indicate whether the statement is true or false
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Which of the following is not a benefit of standard policies?
A) Smaller insurers can offer cheaper insurance than larger companies for the same exposures. B) Litigation should be reduced as policy meaning becomes understood. C) Consumers are more likely to learn and understand the meaning of standard policies. D) Data collection and rate computation is easier and more accurate.