When an appropriation of retained earnings is made, total retained earnings does not change

Kelsey obtains a business liability insurance policy from Loyal Insurance Company for Kelsey's Modeling & Hobby Crafts store. When an event occurs that gives rise to a claim, the insurance company has a duty to A) investigate to determine the facts

B) file a suit against Kelsey so that a court can settle the claim. C) find a third party on whom to impose liability. D) refund any unearned amount of the premium.

In Latta v. Rainey the victims of an investment scam were promised high rates of return for an investment that looked to be solid

a. True b. False Indicate whether the statement is true or false