Reasons why market, financial, and production risks are often uninsurable include which of the following? I. The potential to produce a catastrophic loss is great. II. The chance of loss cannot be accurately estimated
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: C
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What will be an ideal response?
A company has a petty cash fund amount of $300. When replenished, it has petty cash tickets of $30 for gas expense, $33 for postage expense, $16 for supplies expense, and $12 for miscellaneous expenses. Assume the cash balance is not over or short. In the journal entry, Cash would be credited for ________.
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