All of the following statements about yacht insurance are true EXCEPT
A) Property damage coverage includes damage from insects, weathering, and wear and tear.
B) Liability coverage includes the cost of raising, removing, or destroying a sunken or wrecked yacht.
C) Coverage can be added for maritime workers covered by the United States Longshoremen and Harbor Workers Compensation Act.
D) Medical payments coverage pays for medical expenses because of accidental bodily injury.
Answer: A
You might also like to view...
Absorption costing net income exceeds variable costing net income when units produced are greater than units sold
Indicate whether the statement is true or false
Shuttle Master Airlines has leased an aircraft from Streamline Aircraft Company. The annual payments are $1,000,000 and the life of the lease is 18 years. It is estimated that the useful life of the aircraft is 20 years. How would Shuttle Master Airlines record the acquisition of the aircraft? The effective rate of interest is 9%
a. The company would not record the aircraft as an asset but would record rent expense of $1,000,000 per year for 18 years. b. The company would not record the aircraft as an asset but would record rent expense of $900,000 per year for 20 years. c. The aircraft would be recorded as an asset with a cost of $8,756,000. d. The aircraft would be recorded as an asset with a cost of $9,129,000.
About how many hours a month do online social network users spend, on average, on all social networks combined?
A. 15 B. 20 C. 25 D. 30
Anne, a software programmer at Mont Inc., tries to rectify a programming module that stressed her out with unfamiliar issues. According to the General Adaptation Syndrome (GAS), Anne is in the _____ stage.
A. exhaustion B. resistance C. alarm D. burnout E. conflict