Francis Was Just Learning to Drive

question 94

Multiple Choice

Francis was just learning to drive.She forgot to put the car into park and it rolled down the driveway and into the neighbor's automobile.What part of her automobile insurance policy will cover the damage to her neighbor's automobile?

• A)Part A: liability coverage
• B)Part B: medical expense coverage
• C)Part C: uninsured motorists coverage
• D)Part D: damage to your automobile coverage

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Definitions:

Investment Account

A financial account held at a financial institution that is used for the purpose of holding and managing investments such as stocks, bonds, mutual funds, and other assets.

Equity Method

An accounting technique used by a company to record its investment in another company when it has significant influence over that company but does not fully control it.

Investment Account

An account held at a financial institution that is used to buy and hold investment assets, such as stocks, bonds, and mutual funds.

Revenue Recognized

Income that a company has earned and reported in its financial statements for a specific period, following accounting principles.