One purpose of exclusions in the HO policy is to eliminate losses due to moral hazard
Indicate whether the statement is true or false
TRUE
Business
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Settlement options are available on all life insurance contracts.
a. true b. false
Business
Team Shirts ordered T-shirts from its supplier in June. The T-shirts were delivered in July. Team Shirts paid the bill in August and sold the T-shirts in September. When should Team Shirts recognize an expense using cash-basis accounting?
A) June B) September C) August D) July
Business