A _________________ is the person or persons designated to receive the proceeds of a life insurance policy in the event of the insured's death
Fill in the blank(s) with correct word
beneficiary
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In recessions, the average real return to the stock market is often
A. negative. B. between 0% to 5%. C. between 5% to 10%. D. between 10% to 20%.
Two methods are available to prepare the operating activities section of a statement of cash flows. Which of the following statements regarding these two methods is false?
a. If a company uses the indirect method, it must separately disclose the cash payments made for interest and income taxes. b. If a company uses the direct method, it must present a separate schedule which reconciles net income to net cash from operating activities. c. Advocates of the direct method believe that the indirect method reveals too much by telling readers gross amounts of cash receipts and cash payments from operations. d. The FASB prefers the direct method, while most companies use the indirect method in practice.
Which of the following is the most effective introductory statement?
a. Thank you for having me here today. b. Good afternoon. Today I’d like to discuss saving for retirement. c. Hello, my name is Mark, and I’m happy to be here. d. Did you know that individuals over the age of 50 make up more than three fourths of America’s financial assets?
What are the four components that make up dirty surplus accounting according to the FASB?