Given a cash value policy with the following characteristics: face value = $200,000, cash value = $50,000, outstanding loans = $10,000 and surrender charges = $1,000, the cash surrender value is
A)
$199,000.
B)
$59,000.
C)
$49,000.
D)
$39,000.
D
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Which of the following is not true regarding SATTA?
a. It attempted to develop metatheoretical guidelines for the evaluation of accounting information and valuation systems. b. It took into account the many valuation systems of accounting as well as other theoretical considerations. c. It enumerated the reasons why it was impossible to develop criteria that would enable the profession to unequivocally accept a single valuation system for accounting. d. It was commissioned by the AAA.
Answer the following statements true (T) or false (F)
The Accounting Standards Executive Committee of the AICPA (ASEC) and the Emerging Issues Task Force (EITF) were established to solve the problems of particular industries as well as narrow technical issues.
When considering income as a demographic variable affecting marketing efforts, marketers need to recognize that
A. income in the United States has become more unevenly distributed. B. everyone has been equally affected by the recession. C. middle-income consumers are quickly becoming upper-income consumers. D. everyone is equal. E. there is increasing purchasing power among lower-income groups.
The premium or discount on forward currency exchange rates between any two countries is visually obvious when you plot the interest rates of each country on the same yield curve
The currency of the country with the higher yield curve should be selling at a forward discount. Indicate whether the statement is true or false.