Prepaid insurance - Study guides, Class notes & Summaries
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![Colibri Practice Test/ 100+ Questions & Answers/ 2024-2025.](/docpics/5752285/6684505024ec5_5752285_121_171.jpeg)
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Colibri Practice Test/ 100+ Questions & Answers/ 2024-2025.
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Colibri Practice Test/ 100+ Questions & Answers/ . Terms like: 
 
Taxes and insurance are often prepaid at closing to establish the escrow account. On which page of the Closing Disclosure form will the buyer see an accounting of the escrow account set up-Answer 
Page two, under other costs 
 
On page two of the form, other costs are itemized for buyers and sellers. Taxes, prepaids, and initial escrow payment at closing - usually two months' worth, are paid by the buyer and shown on page 2. 
H...
![Solutions manual for Intermediate Accounting (volume 1) 13th Canadian edition](/docpics/4574331/65d7928182cb1_4574331_121_171.jpeg)
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Solutions manual for Intermediate Accounting (volume 1) 13th Canadian edition
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TURI
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CHAPTER 0 
Accounting Cycle Review 
SOLUTIONS TO BRIEF EXERCISES 
BRIEF EXERCISE 0.1 
Assets Liabilities Shareholders’ Equity 
(a) 
(b) 
(c) 
+ 
+ 
– 
+ 
NE 
NE 
NE 
+ 
– 
LO 1 BT: C Difficulty: Easy TOT: 2 min. AACSB: None AICPA FC: Reporting 
BRIEF EXERCISE 0.2 
Assets = Liabilities + Shareholders’ Equity 
Cash + 
Accounts 
Receivable + Supplies = 
Accounts 
Payable + 
Bonds 
Payable+ 
Common 
Shares + 
Retained 
Earnings 
(1) +$60,000 +$60,000 
(2) –9,000 –$9,000 Paid 
div...
![Massachusetts Life Insurance Final Exam Questions and Answers Graded A+](/docpics/4478506/65c93fa575d46_4478506_121_171.jpeg)
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Massachusetts Life Insurance Final Exam Questions and Answers Graded A+
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Massachusetts Life Insurance Final 
Exam Questions and Answers 
 
Graded A+ 
 
in Massachusetts, a small employer is comprised of 1-50 employees 
 
Kate received a group accident and health termination notice. How many days does she have to 
apply for a converted policy? 31 
 
Scott has a life insurance policy in which the dividends are left with the insurance company. This 
particular policy may be paid up when the cash value plus accumulated dividends equal the 
net single premium for the same...
![Ohio Property and Casualty Exam Questions & Answers 2023-24](/docpics/4112745/6590ae1937dcb_4112745_121_171.jpeg)
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Ohio Property and Casualty Exam Questions & Answers 2023-24
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Ohio Property and Casualty Exam Questions & Answers 2023-24 
 
 
What do individuals use to transfer their risk of loss to a larger group? - ANSWER-Insurance 
 
What are the four elements of an insurance contract? - ANSWER-Agreement (Offer and Acceptance), Consideration, Competent parties, and legal purpose. 
 
In the agent/insurer relationship, who is considered the principal? - ANSWER-Insurer 
 
Insurance contracts are aleatory in nature. What does that mean? - ANSWER-Unequal values are exchan...
![Accy 201 Ole Miss Final Exam Questions And Answers Rated A+](/docpics/5704950/66790f9dace5e_5704950_121_171.jpeg)
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Accy 201 Ole Miss Final Exam Questions And Answers Rated A+
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How are bonds payable reported on the balance sheet? - 
How are business transactions recorded in the accounting cycle? - first in the journal, then 
transferred to the ledger 
How do we determine what items to count in inventory? - determining cost of inventory requires 
cost of expenditures necessary, directly or indirectly, to bring into a salable condition and location 
How do you calculate bed debts expense using the allowance method? - 
How do you calculate COGS for a merchandiser? - using...
![Illinois Accident and Health Producer General Exam SIMULATOR Questions Fully Solved.](/docpics/6226522/66eb48bcede36_6226522_121_171.jpeg)
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Illinois Accident and Health Producer General Exam SIMULATOR Questions Fully Solved.
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The insured and insurance company will share the cost of covered losses under which health policy feature? - Answer Payment of Claims provision 
 
M applies for a health insurance policy and pays the initial premium. When the agent completes the application, a conditional receipt is left with the applicant. The insurance company's underwriting department request's M's medical records and determines that M has had asthma for many years. All of the following are probable underwriting outcome...
![Ohio Property and Casualty Exam questions with correct answers](/docpics/3649865/6530c355f0623_3649865_121_171.jpeg)
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Ohio Property and Casualty Exam questions with correct answers
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What do individuals use to transfer their risk of loss to a larger group? CORRECT ANSWER Insurance 
 
What are the four elements of an insurance contract? CORRECT ANSWER Agreement (Offer and Acceptance), Consideration, Competent parties, and legal purpose. 
 
In the agent/insurer relationship, who is considered the principal? CORRECT ANSWER Insurer 
 
Insurance contracts are aleatory in nature. What does that mean? CORRECT ANSWER Unequal values are exchanged between the parties to a contract. 
 ...
![Real Estate Finance I-Champions Final Exam 2024](/docpics/4664562/65e6214307722_4664562_121_171.jpeg)
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Real Estate Finance I-Champions Final Exam 2024
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Real Estate Finance I-Champions Final 
Exam 2024 
The minimum downpayment on a VA loan is: 
(a) 2% of the sales price 
(b) 0% of the sales price 
(c) 3.75% of the sales price 
(d) 1% of the sales price - CORRECT ANSWER-B 
_________ is the process of creating a new mortgage loan. 
(a) Origination 
(b) Funding 
(c) Underwriting 
(d) Servicing 
* - CORRECT ANSWER-A 
A veteran can have more than one VA loan: 
(a) If the prior VA loan was paid in full and the property disposed of 
(b) The prior VA l...
![life - colorado law exam questions and answers 100% pass](/docpics/5479830/6657936ef3aca_5479830_121_171.jpeg)
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life - colorado law exam questions and answers 100% pass
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life - colorado law exam questions and 
answers 100% pass 
Which type of insurer may pay dividends to policyholders? - Correct Answer ️️ -Mutual 
You must be licensed to sell all of the following EXCEPT: - Correct Answer ️️ -Travel 
accident 
To obtain a Colorado producer's license as a nonresident, you must: - Correct Answer ️️ 
-Have a similar license in your home state 
You need an insurance license to sell all EXCEPT: - Correct Answer ️️ -Prepaid Legal 
If, after a hearing, ...
![WGU D103 Intermediate Accounting 1: Units 2-4 Pre-Assessment 100% Solved](/docpics/3538305/6519ed53acb1d_3538305_121_171.jpeg)
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WGU D103 Intermediate Accounting 1: Units 2-4 Pre-Assessment 100% Solved
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WGU D103 Intermediate Accounting 1: Units 2-4 Pre-Assessment 100% Solved Report a $3500 sale on account Debit: Accounts Receivable $3500; Credit: Service Revenue $3500 
Journalize depreciation for the equipment that is $5,000 Debit: Depreciation Expense $5000; Credit: Accumulated-Depreciation Equipment $5000 
Journalize the adjusting entry for an employer that owes $1300 for payroll on Jan 10, 2021, for the payroll period ending December 31, 2020. Debit: Salaries and Wages Expense $1300; Credit:...
![Texas Funeral Prearrangement License Exam Questions With Correct Answers Latest Updated 2024-2025 (100% VERIFIED)](/docpics/4483131/65ca07df873bf_4483131_121_171.jpeg)
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Texas Funeral Prearrangement License Exam Questions With Correct Answers Latest Updated 2024-2025 (100% VERIFIED)
- Exam (elaborations) • 8 pages • 2024
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A funeral prearrangement life insurance agent must be supervised - Correct Answer-By 
a legal reserve life insurance agent whose company holds a seller's permit. 
The maximum initial guaranteed death benefit that a funeral prearrangement life 
insurance agent may sell is - Correct Answer-$15,000 
A funeral prearrangement life insurance agent license expires when the agent - Correct 
Answer-Fails to submit a biannual renewal application and fee 
When an application for an insurance agent license...
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