All of the Following Are Coverage Options Under the Physical

question 25

Multiple Choice

All of the following are coverage options under the physical damage coverage in the Business Auto Coverage Form EXCEPT

• A)comprehensive coverage.
• B)specified causes-of-loss coverage.
• C)collision coverage.
• D)property damage liability coverage.

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Definitions:

Alternative Adjusting Entries

Adjustments made in the accounting records to record revenues that have been earned but not yet recorded or expenses that have been incurred but not yet recorded.

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded in the accounting period they relate to.

Insurance Expense

The cost incurred by a company to insure its assets and operations.

Adjusting Entry

Recording entries in journals at an accounting period's end to distribute income and expenses to the actual period of occurrence.