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NEW QUESTION: 1
Claims adjusting involve:
A. a field work
B. All of the above
C. approval by entity's claims department
D. an appraisal of risk subject to appropriate supervision
Answer: C

NEW QUESTION: 2
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Answer: D

NEW QUESTION: 3
During 2013, a company's prepaid expense decreased by $40,000, while its unearned revenue increased by $60,000. The company reported a pretax income under accrual basis of $250,000 on its 2013 income statement. What is the company's pretax income under
cash basis of 2013?
A. $270,000
B. $150,000
C. $350,000
D. $230,000
Answer: C

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