Which of the following types of exchanges of insurance contracts qualify for nonrecognition treatment under § 1035?
a. Exchange of life insurance contracts.
b. Exchange of a life insurance contract for an endowment or annuity contract.
c. Exchange of an endowment contract for an annuity contract.
d. Only a. and b.
e. a., b., and c.
e
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Which of the following statements about the Food and Drug Administration (FDA) is true?
A. The FDA is a branch of the Federal Trade Commission (FTC) and under its jurisdiction. B. The FDA does not require health food manufacturers to list product ingredients on labels. C. The FDA monitors all copyrighted material published in the United States and abroad. D. The FDA has authority over the labeling of cosmetics, drugs, and vitamin supplements. E. The FDA has no control over promotional statements that are included on package labels.
A virtual team is made up of people who are separated physically and whose members interact electronically in cyberspace
Indicate whether the statement is true or false
Canfield Technical School allocates administrative costs to its respective departments based on the number of students enrolled, while maintenance and utilities are allocated per square feet of the classrooms. Based on the information below, what is the total amount of maintenance cost to the Carpentry Department (rounded to the nearest dollar) if administrative costs for the school were $50,000, maintenance fees were $12,000, and utilities were $6,000? DepartmentStudents Classrooms Electrical 120 10,000 sq. ft. Welding 70 12,000 sq. ft. Accounting 50 8,000 sq. ft. Carpentry 40 6,000 sq. ft. Total 280 36,000 sq. ft.
A. $12,000. B. $2,000. C. $1,850. D. $1,714. E. $1,111.
Bernie owes an undisputed amount to Wilde's Heating & Air Conditioning. Which of the following is true?
a. If Wilde's agrees to accept less than the full amount as full payment, the agreement is not binding. b. The undisputed amount is also known as an unliquidated amount. c. If the parties agree to settle for less than the full amount, their agreement is governed by the ruling in Henches v. Taylor. d. If Wilde's agrees to accept less than the full amount, the agreement is only binding if it is in writing and signed by Bernie.