A homeowner's policy does not provide protection for the personal property of:
A) family members at home.
B) family members who are in college.
C) a business unit whose value is below $2,500
D) tenants.
E) family members who are traveling.
D
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Indicate whether the statement is true or false
The journal entry a company uses to record pension rights that have not been funded for its salaried employees, at the end of the year is
A) debit Salary Expense; credit Cash B) debit Pension Expense; credit Unfunded Pension Liability C) debit Pension Expense; credit Unfunded Pension Liability and Cash D) debit Pension Expense; credit Cash
The purpose of coinsurance clauses is to encourage insured individuals to purchase policies
from more than one company. Indicate whether the statement is true or false
The U.N. Convention on Contracts for the International Sales of Goods (CISG) includes provisions relating to which of the following?
a. Interpretation and trade usage. b. Intellectual property rights. c. Obligations and remedies of sellers, but not buyers. d. Sharing of profits.