Anne Has an Expensive Diamond Ring

question 72

Multiple Choice

Anne has an expensive diamond ring.Which coverage from the following list would pay for damage or theft of this item?

• A)an umbrella policy
• B)a household inventory
• C)additional living expense coverage
• D)a personal articles endorsement
• E)a coinsurance floater

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Definitions:

Noncontrolling Interest

Noncontrolling interest is the portion of equity in a subsidiary not attributable, directly or indirectly, to a parent company, which is reported in the consolidated financial statements of the parent company.

Accrual-based Net Income

A measure of an entity's financial performance that includes both cash and non-cash transactions during a reporting period.

Domestic Corporations

Companies that are incorporated and operate within the legal framework of a specific country.

Subsidiaries

Companies that are partially or fully owned by another company, which usually holds a controlling interest in the subsidiary's shares.