Question
Which of the following financial reports are considered
to be of the lowest quality? Financial reports that reflect:Solution
Financial reports that depart from generally accepted accounting principles are considered to be of lower quality than those that reflect biased accounting choices. Financial reports that reflect unstable earnings or losses may be of higher quality. Profit or loss does not have any relationship with reporting quality.
An individual who may become eligible to receive payment due to will, life insurance policy, retirement plan, annuity, trust, or other contract is known...
In which year New India Assurance Co Ltd nationalized?
Consider the following statement:
I. NCB is given to the insured and not to the insured vehicle.
II. On transfer of the vehicle, the ...
A type of reinsurance in which the re-insurer indemnifies the ceding company for losses that exceed a specified limit is called?
Coverage for property taken or destroyed by breaking and entering the insured’s premises, burglary or theft, forgery or counterfeiting, fraud, kidnap ...
What is the purpose of a "No Claim Bonus" in motor insurance?
The Agriculture Insurance Company of India Limited was incorporated on?
What is the purpose of "reinsurance"?
The 'No Claim Bonus' is calculated based on:
A contract, such as an insurance contract, requiring that certain acts be performed if recovery is to be made is known as?
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