An insurable interest in property must exist:
A) at the time the insurance policy is obtained.
B) at the time the loss occurs.
C) from the time the policy is obtained to the time the loss occurs without interruption.
D) for only one person at a time in a particular property.
B
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What will be an ideal response?
If a company uses LIFO for annual reporting purposes, it must also use it for interim reporting. This enables external users to accurately compare financial statements
Indicate whether the statement is true or false
Andrea Apple opened Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books:1. Andrea invested $13,500 cash in the business in exchange for common stock. 2. Andrea contributed $20,000 of photography equipment to the business. 3. The company paid $2,100 cash for an insurance policy covering the next 24 months. 4. The company received $5,700 cash for services provided during January. 5. The company purchased $6,200 of office equipment on credit. 6. The company provided $2,750 of services to customers on account. 7. The company paid cash of $1,500 for monthly rent. 8. The company paid $3,100 on the office equipment purchased in transaction #5 above. 9. Paid $275 cash for January utilities. Based
on this information, the balance in the cash account at the end of January would be: A. $15,250. B. $18,700. C. $41,450. D. $12,225. E. $13,500.
What is the 10/20/30 rule of PowerPoint presentations that should be remembered when making an investor pitch?
a. 10 slides, 20 point font, 30 minute presentation b. 10 point font, 20 slides, 30 minute presentation c. 10 slides, 20 minute presentation, 30 point font d. None of the above