Umbrella liability insurance policies provide for high dollar amounts of coverage over and above the basic policies

a. True
b. False


a

Business

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When Progress Billings are made by a contractor on a long-term contract, what account is credited?

a. Contract Billings, a contra-asset account b. Contract Revenue, a revenue account c. Contract Receivable, an asset account d. Contract Billings, a contra-revenue account

Business

Miranti Nex, an automobile company, plans to invest in developing a hybrid car. It refrains from using loans from other firms and instead uses its own monetary resources to fund the project. Which of the following sources of long-term funds is being used by Miranti Nex in the given scenario?

A. Corporate bonds B. Term loans C. Long-term debt D. Direct investments from owners

Business

Deb and Earl are involved in a judicial proceeding for the resolution of a dispute. This is

A) an action. B) a breach. C) an injunction. D) a remedy.

Business

Explain the underlying principle for a yield maintenance charge

What will be an ideal response?

Business