If a business has large differences in the value of the inventory it has on hand...

If a business has large differences in the value of the inventory it has on hand during the year, the cost of its insurance requires the ________ form of insurance policy.

Select one: a. Reporting b. Variation c. Inventory cycle d. Double reduction

Expert Solution

Answer : Option -a

The value reporting form is an insurance report used to provide the information necessary for a variable coverage amounts needed by a business which holds irregular inventories throughout the year.

It reports the value of the stock to the insurance provider

The insurer will adjust the amount of coverage to reflect the value of the current inventory

jeff jeffy answered 2 years ago

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