A consignment of 100packages of equal value insured at $64,000.00 so valued sustained loss and damage as follows: 20 packages totally lost during discharge from overseas vessel (insured peril) 80 packages damaged by water (insured peril) Surveyor estimates gross sound arrived value of whole consignment at $59,500.00 and determines by sale the gross damaged arrived value of the water damaged packages at $46,880.00 Survey fees and sale charges amount to $590.00.

A consignment of 100packages of equal value insured at $64,000.00 so valued sustained loss and damage as follows: 20 packages totally lost during discharge from overseas vessel (insured peril) 80 packages damaged by water (insured peril) Surveyor estimates gross sound arrived value of whole consignment at $59,500.00 and determines by sale the gross damaged arrived value of the water damaged packages at $46,880.00 Survey fees and sale charges amount to $590.00.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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