At December 31, , Corporation has cash of million, accounts receivable of million, and long-term assets of million. The com
pany owes accounts payable of million and has a long-term note payable of million. has common stock of million and retained earnings of million. Prepare Corporation's balance sheet at December 31, , complete with its proper heading.
No fault insurance basically protects you and your family from small accidents by paying your medical bills regardless of who is at fault. This type of policies applies to car or house insurance.
In this case, the accident was caused by Jason but since who is responsible is not important in this type of policy, then it should cover up to its maximum limit.