Insured Payment: Insurer Payment:

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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Ahmed insures himself with AXA insurance company. His contract includes an aggregate
deductible of 5000BD. During the year he suffers multiple losses: first loss 3000 and second
loss 2000. Based on this how much will each party pay?
Insured Payment:
Insurer Payment:
2.
Transcribed Image Text:Ahmed insures himself with AXA insurance company. His contract includes an aggregate deductible of 5000BD. During the year he suffers multiple losses: first loss 3000 and second loss 2000. Based on this how much will each party pay? Insured Payment: Insurer Payment: 2.
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