The personal umbrella policy covers some personal injuries. Which of the following is considered a personal injury?

A) bodily injury
B) property damage
C) defamation of character
D) liability arising from professional services


Answer: C

Business

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An agreement to refrain from a particular trade, profession, or business is enforceable if two requirements are met: that the purpose of the restraint is to protect a property interest of the promisee and the restraint is no more extensive than is reasonably necessary to protect that interest

a. True b. False Indicate whether the statement is true or false

Business

Introduce a(n) fact with statements such as "I think," "I believe," or "it seems to me." _________________________

Answer the following statement true (T) or false (F)

Business

What is the goal of consulting firms?

What will be an ideal response?

Business

Using the aging approach, management estimates that 10% of the $30,000 of Accounts Receivable will be uncollectible. The Allowance for Doubtful Accounts has a $300 unadjusted debit balance. The adjusting entry to record estimated bad debts includes a:

A. debit to Bad Debt Expense of $2,700. B. credit to Allowance for Doubtful Accounts of $3,000. C. debit to Bad Debt Expense of $3,000. D. debit to Bad Debt Expense of $3,300.

Business