FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

39) Insurance policy benefits are classified on an insurance company's balance sheet as O a. Liabilities, because the insurance company may have to pay out

39)
image text in transcribed
Insurance policy benefits are classified on an insurance company's balance sheet as O a. Liabilities, because the insurance company may have to pay out the benefits. b. Assets, because policy benefits are valuable to the company. OC. Liabilities, because customers may fall behind on their premium payments. Od Assets, because policy benefits are fully covered by premium payments

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Options Trading

Options Trading

Authors: Mark Stock

1st Edition

108121404X, 978-1081214043

More Books

Students also viewed these Finance questions

Question

★★★★★
On January 1, 2010, Parker Company purchased 90% of the outstanding common stock of Sid Company for $180,000. At that time, Sids stockholders equity consisted of common stock, $120,000; other...

Answered: 1 week ago

Question

★★★★★
4. [Capitalization of computer software expenditures] Erics- son [ERICA]. a multinational producer of wireless telephone equipment, produces its financial statements in accordance with Swedish GAAP...

Answered: 1 week ago

Question

★★★★★
Distinguish between short-run and long-run equilibrium of a firm operating under perfect competition. What is difference, if any, in conditions of equilibrium in the two cases?

Answered: 1 week ago

Question

★★★★★
Optima Company is a high-technology organization that produces a mass-storage system. The design of Optima's system is unique and represents a breakthrough in the industry. The units Optima produces...

Answered: 1 week ago

Question

★★★★★
39) Insurance policy benefits are classified on an insurance company's balance sheet as O a. Liabilities, because the insurance company may have to pay out the benefits. b. Assets, because policy...

Answered: 1 week ago

Question

★★★★★
SmartAuto Manufacturing is engaged in the production of replacement parts for automobiles. One plant specializes in the production of two parts: Part #127 and Part #234. Part #127 produced the...

Answered: 1 week ago

Question

★★★★★
6. Ten different boys are auditioning for a play. The directors are looking to cast only three of the boys. If three of the boys were chosen at random, then what is the probability that all three of...

Answered: 1 week ago

Question

★★★★★
When you answer these questions please show me which are questions three and four. 3 Clarifying Goals . You are interested in helping members formulate personal goals early in the course of the...

Answered: 1 week ago

Question

★★★★★
Part C: Three friends, Jenna, Michael & Alice are debating whether an RRSP or a TFSA would be a better choice for them. Each of them is the same age and is saving for a goal that is 15 years into the...

Answered: 1 week ago

Question

★★★★★
Collective Illusion paper due by Todd Rose Assignment standards: Three to five pages answer the following question: From your perspective, what is the most significant threat to high performing teams...

Answered: 1 week ago

Question

★★★★★
Sabor Company uses a perpetual inventory system and the gross method of accounting for purchases. Sabor purchased $17,800 of merchandise on April 7 with credit terms of 1/10, n/30. Merchandise with a...

Answered: 1 week ago

Previous Question Next Question