When must an insurable interest exist for life insurance and property insurance, respectively?
A) At the time of policy issuance, and at the time of loss
B) At the time of policy issuance, and at the time of payment of the premium
C) At the time of policy issuance for both life insurance and property insurance
D) At the time of loss, and at the time of policy issuance
E) At the time of loss for both life insurance and property insurance
A
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A. the domestic country invests in other countries, minus what other countries invest in the domestic country. B. other countries invest in the domestic country, minus what the domestic country invests in other countries. C. of the current-account balance plus the capital-account balance. D. of portfolio investment made by the domestic country in other countries, minus the amount of portfolio investment other countries make in the domestic country.
What is the correct classification of the account: Discount on Notes Payable?
a. an asset b. an expense c. a revenue d. a contra liability
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