Answer: adverse selection
Explanation:
From the question, we are told that an
insurance company is likely to attract customers like Clancy who want to purchase insurance because he knows better that the company that he is more likely to make a claim on a policy.
The idea above is called adverse selection. This is a situation whereby either the seller or the buyer believes that he or she has more information than the other person regarding a particular product.
Answer:
Colorado Corp.
The retroactive adjustment to the accumulated depreciation account on January 1, Year 9, as a result of the change in depreciation method is:
= $0.
Explanation:
a) Data and Calculations:
Accumulated depreciation at December 31, Year 8 based on double declining balance method = $525,000
Accumulated depreciation at December 31, Year 8 based on straight-line method = $300,000
The required adjustment to the accumulated depreciation account = $0 ($525,000 - $525,000)
b) The accumulated depreciation account does not require a retrospective adjustment. It will remain at $525,000 while the company continues to apply the straight-line method going forward. The change is called a change in accounting estimate and not a change in accounting principle that requires retrospective application and adjustment to the previous years' accounts.
If a defendant makes an untrue statement of fact about the plaintiff and the statement was intentionally or accidentally published to a third party, the defendant is held liable for misappropriation of the right to publicity-<u>The STATEMENT HOLDS FALSE</u>
Explanation:
<u>The right of publicity is violated when the unauthorized commercial use of a plaintiff's identity occurs.</u>
<u> A commercial use occurs when the defendant offers the plaintiff's identity to promote the sale of products, services, or fundraising.</u>
The statement stated in the question stands false because
- The defendant has not made any unauthorized use of the Plaintiff identity.
- No promotion of sale of any product ore services or any fundraising activity is mentioned in the question
He<u>nce ,the Statement hold's False</u>
Not enough info given about the situation but the best guess would be the price would decrees.
When the demand for a product drops (i.e being banned) the price drops