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6 days ago · Study with Quizlet and memorize flashcards containing terms like Under the modified accrual basis of accounting, GASB standards for property tax revenue recognition provide that revenue should not be recognized for property taxes collected: a. More than 90 days after fiscal year end. b. More than 60 days after fiscal year end. c. More than 30 days after fiscal year end. d. After fiscal year ...
Jun 14, 2024 · If your car gets totaled in an accident, the insurance company will assess the damage and the car's value. If the car is financed, the insurance company will first pay off the loan amount. If there's any remaining balance, it will be given to the car owner. However, if the owed amount is more than the car's value, the owner might have to pay ...
Jun 25, 2024 · Insurance companies declare a car as a total loss if the cost of repair plus the salvage value is less than the actual cash value (ACV) of the car. The insurance company will sell off a totaled car to a salvage vendor. You do have the option to keep your totaled car, as it isn’t compulsory to hand it over to the insurance company.
Jun 10, 2024 · These five tips on how to negotiate a totaled car's value will protect you from unfair offers: Provide vehicle sticker information to your insurance company. Prepare your counter offer. Determine the comparables (comps) in the area. Obtain a written settlement offer from the car insurance company.
Jun 25, 2024 · It costs you nothing to hire Scott Watson and ClaimsPlus for your total loss claim. (800) 968-1001. Get the total value for your total loss vehicle! Insurance companies are notorious for making low-ball offers on total loss claims. Scott Watson and ClaimsPlus can help you get the full, fair market value you deserve.
3 days ago · Gap insurance pays the difference between what you owe on your loan or lease and its actual cash value in the event of a total loss. It can be added to a car insurance policy or purchased separately, and protects you from the risk of owing a balance on your loan after the car has been totaled. Gap insurance covers the difference between what ...
Jun 27, 2024 · T-Account: A T-account is an informal term for a set of financial records that use double-entry bookkeeping. The term T-account describes the appearance of the bookkeeping entries. If a large ...
