This years deduction for incurred losses for ABC Insurance Company is equal to the\ \ \ This years deduction for incurred losses for ABC Insurance Company is equal to the\ \ \ a. the present value of losses that were incurred this year\ \ b. value of losses that were paid this year\ \ c. value of losses that were paid this year plus the change in the present value of estimated unpaid losses\ \ d. the dollar value of losses that incurred this year, no matter when they are expected to be paid, i.e., no discounting