The answers of the given questions above are the following:
1. The insurance coverage is the amount your insurance company is willing to pay. The correct answer is option B. Insurance transaction involves the insured<span> assuming a guaranteed loss in the form of payment to the insurer in exchange for the insurer's assurance to reimburse the </span>insured<span> in the event of a </span>covered<span> loss.
2. The correct answer would be option D. Deductible
3. The correct answer would be option D. Allows young adults to stay on their parents' insurance until the age of 26. </span>
An example of an Income segmentation is when the detergent is packaged in different size for different class of people.
<h3>What is an
Income segmentation?</h3>
These aspect of segmentation involves segmenting people based on what they earn and how much disposable income they have
Therefore, the example of an Income segmentation is when the detergent is packaged in different size for different class of people.
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$10 million should be added to net income.
<h3><u>
What is Accounting?</u></h3>
- Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collection organizations as part of the accounting process.
- A company's operations, financial condition, and cash flows are summarized in the financial statements that are used in accounting.
- They provide a succinct summary of financial transactions across an accounting period. One of the most important aspects of practically every firm is accounting.
- Small businesses may have a bookkeeper or accountant manage it, whereas larger corporations may have vast finance departments with many people.
- Management can make wise business decisions thanks to the information produced by many streams of accounting, including cost accounting and managerial accounting.
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The amount of accrued depreciation to the dwelling equals to $63,250.
<h3>What is an
accrued depreciation?</h3>
This refers to the loss in value from reproduction or replacement cost new due to all causes except depletion as of the date of appraisal.
Cost of land = $555,500 - $120,000
Cost of land = $435,500
Accrued depreciation = Cost of dwelling - Cost of land
Accrued depreciation = 498,750 - 435,500
Accrued depreciation = $63,250
Therefore, the amount of accrued depreciation to the dwelling equals to $63,250.
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Answer:
The two ways that a corporation can be classified by ownership are: publicly held and privately held
Explanation:
Corporation is majorly defined by the ownership of the entity and this ownership can only be determined by the number of share being held by private groups and promoters or the general public.