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FrozenT [24]
3 years ago
12

An insurance contract promises to pay benefits based upon a future uncertainty such as death, or illness describes which feature

of an insurance contract?
Business
1 answer:
Mrac [35]3 years ago
8 0
The feature of the insurance contract that is being described above is the aleatory contract. It is the type of contact where the individual that has been involved can't handle or control the event that could happen to him or her. It is a way of having uncertain events happening in the individual such as death or natural disasters that she or he could face.
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<h3>What is owner's equity?</h3>

Owners Equity is the residual interest that represents the portion remained to the investors such as partners and shareholders.

This is computed by deducting liabilities from the asset account, which includes capital accounts and retained earnings.

Using the accounting equation,

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Therefore, owner's equity would be $10,000

Learn more about owner's equity here: brainly.com/question/11110287

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