Post Utme Ims U 2018 Commerce Question 19

Practice objective / multiple choice question 19 from the 2018 Post Utme Ims U Commerce examination.

Post Utme Ims U 2018 Commerce Objective / Multiple Choice
Question 19 POST_UTME_IMS_U • 2018 • COMMERCE • objective

A firm uses an insurance policy to mitigate its risks. The policy covers losses due to natural disasters. If the firm experiences a loss due to a natural disaster, what is the expected impact on its financial statements?

Answer Options

Correct Answer A. Financial statements will show a loss
B. Financial statements will show a gain
C. Financial statements will remain unchanged
D. Financial statements will fluctuate
Correct Answer
A
Correct Option:
Financial statements will show a loss

About This Question

This is Post Utme Ims U 2018 Commerce Question 19. It is one of the objective questions from the 2018 Post Utme Ims U Commerce examination.

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