The purpose of insurance is to protect against what?
A) Life's minor ups and downs
B) Financial catastrophe
C) Large co-payments
D) Those items people can afford to pay out of pocket
E) Repair bills for appliances
B) Financial catastrophe
You might also like to view...
Presented below are selected data from the financial statements of Parade Corp 2016 2017 Net income $150,000 $123,000 Weighted average number of common shares outstanding 105,000 95,000 Market price per share of common stock at the end of the year $12.00 $10.00 The price/earnings ratio for 2017 is
a. .80 to 1 b. 1.43 to 1 c. 8.39 to 1 d. 12.50 to 1
Which of the following businesses most likely would have a large Unearned Revenue account balance at all times?
a. Dry cleaners b. Realtor c. Magazine publisher d. Department store
Answer the following statements true (T) or false (F)
Intraperiod and intrastatement allocation both refer to showing income statement items such as extraordinary items and changes in accounting principle net of the tax effect.
The UCC applies to real estate mortgages and trust deeds since they are security interests
a. True b. False Indicate whether the statement is true or false