The claims issued by the DSU are called premiums. It is true or false?
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A:
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A: This statement is true.
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Q: what are some fundamental challenges in accounting and reporting for a noncontrolling interest?
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A: The difference between equity of redemption and statutory redemption are:
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Q: A discounted note receivable is an example of a loss contingency? Is it true or false
A: This is a False.
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Q: Why would an insured inflate claims and who are the ones to suffer for it?
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Q: f the renewal of the policy was at the discretion of the insurer, would you expect the premiums to…
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Q: What is meant by Premium on redemption of debentures account?
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Q: The party to whom payment is to be made is called the payee. True O False
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Q: How are deductions and losses different? How are they similar? Explain
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Q: Describe how the matching principle applies to contingent liabilities (hint: warranties).
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Q: What is an unasserted claim?
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A: Insurance is an agreement or a contract between two parties. An insurance contract states that one…
Q: What are the three elements of the definition for liabilities? List from the following items that…
A: Liabilities are the obligations of the individuals or the company which have to be paid back after a…
Q: Suppose the analysis of a loss contingency indicates that an obligation is not probable. What…
A: Contingent Liability Contingent liability is one form of liability that arises based on a…
Q: 1. A fixed amount added to the premium of a given poli regardless of policy size is known as O hl no…
A: A policy fee is a one time charge which is added to the premium and does not get affected by the…
Q: How does title insurance work? Why is it not absolute (fool-proof
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- What is non-posted interest on statements? Please explain.18. Which of the following loss contingencies is not usually accrued? a. product warranty obligationsb. premium offer obligationsc. risk of loss from fired. noncollectibility of receivablesIn what way do current liabilities and long-term liabilities differ from each other?