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The following data was collected by an average adjuster assigned to adjust for a vessel on average after a serious fire broke out on board endangering the whole adventure resulting in both ship and cargo sustaining GA damage in addition to PA losses. = 560,000. GA damage to ship GA damage to Cargo PA damage to Ship PA damage to Cargo GA expenditure(paid by owner) = 424,000 Gross amount of freight at risk = 500,000 30,000 Freight contingent expenditure = Ship's sound value =5,000,000 = 1,215,000. = 800,000 = 1,675,000

The following data was collected by an average adjuster assigned to adjust for a vessel on average after a serious fire broke out on board endangering the whole adventure resulting in both ship and cargo sustaining GA damage in addition to PA losses. = 560,000. GA damage to ship GA damage to Cargo PA damage to Ship PA damage to Cargo GA expenditure(paid by owner) = 424,000 Gross amount of freight at risk = 500,000 30,000 Freight contingent expenditure = Ship's sound value =5,000,000 = 1,215,000. = 800,000 = 1,675,000

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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The following data was collected by an average adjuster assigned to adjust for a vessel on average after a serious fire broke out on board endangering the whole adventure resulting in both ship and cargo sustaining GA damage in addition to PA losses. GA damage to ship GA damage to Cargo PA damage to Ship PA damage to Cargo GA expenditure(paid by owner) Gross amount of freight at risk = 500,000 Freight contingent expenditure = Ship's sound value Total invoice value of cargo Adjusting according to YAR show your calculations in arriving at the GA contributions of the interests you identify in this adventure. = 560,000. = 1,215,000. = 800,000 = 1,675,000 = 424,000 %3D 30,000 =5,000,000 %3D =8,000,000
Transcribed Image Text:The following data was collected by an average adjuster assigned to adjust for a vessel on average after a serious fire broke out on board endangering the whole adventure resulting in both ship and cargo sustaining GA damage in addition to PA losses. GA damage to ship GA damage to Cargo PA damage to Ship PA damage to Cargo GA expenditure(paid by owner) Gross amount of freight at risk = 500,000 Freight contingent expenditure = Ship's sound value Total invoice value of cargo Adjusting according to YAR show your calculations in arriving at the GA contributions of the interests you identify in this adventure. = 560,000. = 1,215,000. = 800,000 = 1,675,000 = 424,000 %3D 30,000 =5,000,000 %3D =8,000,000
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