In their foreign operations, companies with foreign subsidiaries regularly follow
A. their choice of accounting practices, being consistent.
B. their host-country accounting practices.
C. their home-country accounting practices.
D. both their home- and host-country accounting practices.
Answer: D
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Indicate whether the statement is true or false
Identify a true statement about a limited liability company (LLC).?
A. ?A limited liability company (LLC) has a maximum of 100 stockholders. B. ?A limited liability company (LLC) offers the limited personal liability associated with a corporation. C. ?A limited liability company (LLC) has only one type of stock (membership interest). D. ?A limited liability company (LLC) is taxed as a partnership and the stockholders are subject to double taxation. E. ?A limited liability company (LLC) is liable for the negligence, irresponsibility, or similar acts committed by any partner.
Regional Airline (RA) spends millions of dollars each year on jet fuel. The company also has significant liability exposures. RA can retain a large portion of its liability exposure if fuel costs are low
The company can pay high fuel costs if retained liability losses are low. RA cannot, however, absorb both high fuel costs and high retained liability claims. RA's insurer designed an insurance program where the insurer pays only if both contingencies (high fuel costs and high retained liability claims) occur. The contract the insurer designed is called a(n) A) double indemnity rider. B) double trigger option. C) multiple protection policy. D) other insurance provision.
Which of the following statements is false?
A) Insurance companies share information on the claims experience of their insureds. B) A good credit score can lower your insurance premiums. C) Insurance companies cannot refuse to insure you because you have filed a number of small claims. D) Renter's personal property is not insured under the landlords insurance policy.