Answer:
$100,000
Explanation:
The common stock account would increase by the total value of the stated value of the shares issued and the difference between the issue price and stated value would increase the capital in excess of the par account
Increase in common stock account=10,000*$10
Increase in common stock account=$100,000
increase in paid-in capital in excess of par=($70-$10)*10,000
increase in paid-in capital in excess of par=$60*10,000
increase in paid-in capital in excess of par=$600,000
Answer:
$115,000
Explanation:
The computation of the amount paid is as follows:
= Occurrence limit + court cost & attorney fees
= $100,000 + $15,000
= $115,000
Hence, the amount paid by the CGL policy is $115,000
It could be come by applying the given formula in order to get the correct value and the same is relevant too.
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
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Answer: The correct answers are "moderate deductibles and copayments" "one-third less in".
Explanation: One prominent U.S. study found that when people face <u>moderate deductibles and copayments</u> for their healt insurance, they consume about <u>one-third less in</u> medical care than people who have complete insurance.
This can be explained because it is because deductibles and copayments reduce moral hazard
This is true.................
