Sears, Target, and Kroger are examples of ________

Which statement is true?

a. Expenses increase Owner's equity b. Expenses decrease Owner's equity c. Expenses increase Owner's withdrawal d. Expenses decrease Owner's withdrawal e. None of these

Bishop Appliance Store is covered by a commercial crime insurance policy. The policy provides coverage for "Employee Theft" on a blanket basis

When the store owner arrived to open the store for business one morning, he discovered that many small electrical appliances were missing. A surveillance tape showed a company employee had disabled the burglar alarm before leaving work, and had returned to the store later and had taken the appliances. Which of the following statements regarding this loss is true? A) There is no coverage under "Employee Theft" as the loss was property, not money. B) There is no coverage as the employee was not specifically named in the policy. C) There is coverage because "Employee Theft" includes coverage for property. D) There is no coverage as it requires that the employee be caught while committing the theft.