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Blithe Insurance Company spent $300,000 to purchase new computer equipment for its claims department. How will this purchase affect the policyholders' surplus on Blithe's balance
Blithe Insurance Company spent $300,000 to purchase new computer equipment for its claims department. How will this purchase affect the policyholders' surplus on Blithe's balance sheet under generally accepted accounting principles? Available answer options Select only one option A It will not have any impact on the policyholders' surplus. B It will decrease the policyholders' surplus by $25,000. C It will decrease the policyholders' surplus by $300,000. D It will increase the policyholders' surplus by $300,000
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