Calculate the amount the insurance company will pay: $ Value of Property Amount of Insurance Policy Actual Fire Loss Amount Insurance Company will pay 70,000 $ 40,000 80% Co-Ins $ 11,200 90,000 $ 50,000 80% Co-Ins $ 36,000

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter6: Investing And Financing Activities
Section: Chapter Questions
Problem 4.6C
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Calculate the amount the insurance company will pay:
$
Value of Property
Amount of Insurance
Policy
Actual Fire Loss
Amount Insurance Company
will pay
70,000 $
40,000
80% Co-Ins
$
11,200
90,000 $
50,000
80% Co-Ins
$
36,000
Transcribed Image Text:Calculate the amount the insurance company will pay: $ Value of Property Amount of Insurance Policy Actual Fire Loss Amount Insurance Company will pay 70,000 $ 40,000 80% Co-Ins $ 11,200 90,000 $ 50,000 80% Co-Ins $ 36,000
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