After a fire broke out in the shopping centre, Alisa received a payout from her insurance company

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After a fire broke out in the shopping centre, Alisa received a payout from her insurance company relating to damaged stock and equipment in her fashion boutique. As a result of subrogation, Alisa will now be required to:

Sell any damaged goods with any value that can be obtained from at a 'fire sale' value to recoup costs

Pay a higher amount of insurance premiums in the future

Hand over all damaged stock and equipment with any value that can be obtained from to the insurer

Ensure she is receiving replacement items for the store that are better quality than the existing equipment used by her store

Related Book For answer-question

Financial Accounting

ISBN: 978-0538476010

11th edition

Authors: Belverd E. Needles, Marian Powers

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Posted Date: Feb 12, 2024 07:49 AM

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After a fire broke out in the shopping centre, Alisa received a payout from her insurance company

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The detailed answer for the above question is provided below As a result of subrogatio... View the full answer

Financial Accounting

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