Underwriting risk faced by property-casualty insurance companies may result from unexpected
A. increases in loss rates.
B. decreases in loss adjustment expenses.
C. increases in investment yields.
D. cancellations of policies by customers.
E. increases in policy premiums.
Ans: A. increases in loss rates.
Business
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Dogwood, Inc. earned revenues of $11,000 and incurred expenses of $7,500. The company declared and paid cash dividends of $2,000. What is the balance in the Income Summary account prior to closing net income or loss to the Retained Earnings account?
A) debit balance of $3,500 B) debit balance of $1,500 C) credit balance of $3,500 D) credit balance of $11,000
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Which company introduced ring topology?
A) Thomson Consumer Electronics B) Dell C) Sony D) IBM
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