Martin Would Like to Insure Valuable Personal Property Limited in Coverage

question 17

Multiple Choice

Martin would like to insure valuable personal property limited in coverage by his homeowners policy.Martin has two options.He can purchase the coverage through a separate personal articles floater policy or he can add an endorsement to his homeowners policy.The endorsement is called the

• A)extended coverage endorsement.
• B)scheduled personal property endorsement.
• C)personal injury endorsement.
• D)replacement cost endorsement.

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Definitions:

Statement Of Cash Flows

A financial report that summarizes the amount of cash and cash equivalents entering and leaving a company.

Operating Activities

The day-to-day activities of a business that are directly related to its principal revenue-generating operations, such as sales and service delivery.

Indirect Method

A cash flow statement reporting approach that adjusts net income for changes in non-cash accounts to compute cash flow from operating activities.

Comparative Balance Sheet

A financial statement that displays a company's financial position at different points in time side-by-side, facilitating period-to-period comparison.