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.
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Answer:
The correct answer is A) Regular corporation or C corporation
Explanation:
Because Candance and Martha want to sell shares, they have to form a corporation, be it a C Corporation or an S Corporation, however, they also want to avoid double taxation, therefore, they have to form a C Corporation.
A C Corporation or Regular Corporation is taxed on the income it makes, and nothing else, the profit after deducting taxes is not taxed again. A S Corporation, on the other hand, is taxed both on income and profit.
Answer:
c. gasoline station to a motorist in Los Angeles.
Explanation:
A final good is a good that is used by the consumer to satisfy current wants and it is not used to produce another good.
Gasoline would be used by the fuel station in San Francisco to generate cash by selling it. So it is not a final good.
The bus company uses the fuel as an input needed to generate cash. It is not a final good to the bus company.
I hope my answer helps you
Answer:
The answer is a. The project will utilize some equipment the company currently owns but is not now using.
Explanation:
If you look at all the other options that are listed here, they either are a significant sum to the company or has a significant the opportunity cost. In this one, company uses idle assets and therefore bears no opportunity cost.
