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How is a $150 increase in claim reserves captured on the income statement sheet? A. Premiums earned decreases by $150 B. Cash decreases by $150

How is a $150 increase in claim reserves captured on the income statement sheet?

A. Premiums earned decreases by $150

B. Cash decreases by $150

C. Loss reserves increases by $150

D. Losses incurred increased by $150

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