Which statement(s) is(are) true with regard to part D of the PAP, coverage for damage to your auto?
I. If you hit a tree with your car, the resulting damage is a collision loss.
II. If you hit a deer with your car, the resulting damage is an other-than-collision loss.
a) I only
b) II only
c) Both I and II
d) Neither I nor II
Ans: c) Both I and II
Business
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The term "liquid assets" refers to
A) the earnings on savings. B) financial assets that can be easily sold without a loss in value. C) the amount of insurance coverage a person has. D) a person's inability to pay his or her debt.
Business
On a statement of cash flows, cash receipts are reported as:
A) positive amounts. B) negative amounts. C) in parenthesis. D) operating activities only.
Business