One of the reasons that deductible are used in insurance policies is to
A) eliminate coverage for small claims.
B) place restrictions or limits on the insurer's promise to perform.
C) provide broader coverage by increasing the number of perils covered.
D) exclude perils that are not insurable.
Answer: A
Business
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Indicate whether the statement is true or false.
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Identify the account types used in recording transactions related to a stock subscription plan:
Subscriptions Receivable-Common Stock; Common Stock Subscribed, Paid-In Capital in Excess of Par Value-Common, Common Stock, Cash. Also list the financial statement where the accounts are found. What will be an ideal response?
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