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Mr. Ali insured his car for a RO 60,000 with Al Ahlia Insurance and the same car he insured for a RO 90,000 with Takaful insurance. An accident happened and the estimated loss is RO 48,000. How much Mr. Ali can claim from each insurance company? A) Mr. Ali can claim RO 27,000 from Takaful insurance and RO 21,000 from Vision insurance B) Mr. Ali can claim RO 28,800 from Takaful insurance and RO 19,200 from Vision insurance C) Mr. Ali can claim RO 30,000 from Takaful insurance and RO 18,000 from Vision insurance D) Mr. Ali can claim RO 24,000 from Takaful insurance and RO 24,000 from Vision insurance

Mr. Ali insured his car for a RO 60,000 with Al Ahlia Insurance and the same car he insured for a RO 90,000 with Takaful insurance. An accident happened and the estimated loss is RO 48,000. How much Mr. Ali can claim from each insurance company? A) Mr. Ali can claim RO 27,000 from Takaful insurance and RO 21,000 from Vision insurance B) Mr. Ali can claim RO 28,800 from Takaful insurance and RO 19,200 from Vision insurance C) Mr. Ali can claim RO 30,000 from Takaful insurance and RO 18,000 from Vision insurance D) Mr. Ali can claim RO 24,000 from Takaful insurance and RO 24,000 from Vision insurance

FINANCIAL ACCOUNTING
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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5. Mr. Ali insured his car for a RO 60,000 with Al Ahlia Insurance and the same car he insured for a RO 90,000 with Takaful insurance. An accident happened and the estimated loss is RO 48,000. How much Mr. Ali can claim from each insurance company? A) Mr. Ali can claim RO 27,000 from Takaful insurance and RO 21,000 from Vision insurance B) Mr. Ali can claim RO 28,800 from Takaful insurance and RO 19,200 from Vision insurance C) Mr. Ali can claim RO 30,000 from Takaful insurance and RO 18,000 from Vision insurance D) Mr. Ali can claim RO 24,000 from Takaful insurance and RO 24,000 from Vision insurance
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