Question: 2 4 . The First State Bank's building is destroyed by a fire, forcing First State to relocate temporarily during its reconstruction. If First State
The First State Bank's building is destroyed by a fire, forcing First State to relocate temporarily during its reconstruction. If First State incurs an increase in operating expenses as a result of the loss of use of this building while it is being rebuilt, these losses are called
a Direct property losses.
b Time element losses.
c Unscheduled losses.
d Concurrent losses.
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