Property Damage Liability Insurance Part a Under an Auto Policy)

question 17

Multiple Choice

Property damage liability insurance Part A under an auto policy) will not cover:

• A) Any damage to your own car
• B) Damage to a friend's home if you accidentally drive through it
• C) Damage to a friend's car if your son runs it over
• D) Damage to items in your friend's car if you damage them with your car
• E) Any of the above items

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Definitions:

Ending Cash Balance

The amount of cash available in a company's account at the end of a financial period.

Selling

The process of promoting and transferring goods or services to customers in exchange for payment.

Administrative Expenses

Costs related to the general operation of a business, including salaries of administrative personnel, office supplies, and other non-production-related expenses.

Cash Receipts

The collection of money, including coins, notes, checks, and electronic transfers, by a business from its customers or other sources.