The richest woman in the united states is Oprah Winfrey
When servicing rights for flood and hazard insurance are transferred, it is the responsibility of the insurance holder to notify the insurance company.
<h3>
What is insurance?</h3>
- An effective way to guard against financial loss is insurance.
- It is a method of risk management that is primarily employed to protect against the risk of a potential loss.
- An organization that offers insurance is referred to as an underwriter, insurer, insurance business, or insurance carrier.
<h3>What is an insurance company?</h3>
- A firm whose primary and dominating commercial activity throughout the tax year is the issuance of insurance or annuity contracts or the reinsuring of risks underwritten by insurance companies is referred to as an insurance company.
Therefore, When servicing rights for flood and hazard insurance are transferred, it is the responsibility of the insurance holder to notify the insurance company.
Know more about a financial loss here:
brainly.com/question/23294592
#SPJ4
Answer:
Under the cost of good sold method no journal entry will be required. The entries will constitute adjusted along with the sales.
Under the loss method we immediately pass a debit charge to cost of goods sold in the P&L, not awaiting its sales happening.
This makes the net income in that year lower. And makes the costs of goods sold method give a higher net income.
Explanation:
B, it's a steady mortgage rate that won't change.
A free market economy is one in which economic decisions and price of goods and services are guided solely by the aggregate interactions of a country's individual citizen and businesses, with little intervention from the government. If the market price of apple increases in such an economy, it means that there is a shortage in the market for apples.
