One long-term care insurance benefit trigger considers whether the insured needs supervision to protect against threats to health or safety due to memory loss or disorientation. This benefit trigger is referred to as a(n)
A) activities of daily living trigger.
B) medical necessity trigger.
C) needs test trigger.
D) severe cognitive impairment trigger.
Answer: D
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If the title of an appellate court case appears as Jones v. Smith,
A. then it is correct to say that Jones is the plaintiff and Smith is the defendant. B. it means that Smith won the trial court decision. C. you cannot determine which party is the plaintiff, because when a defendant loses a trial and files an appeal, some courts (but not all) reverse the names of the parties. D. the trial judge was Jones and the appellate judge is Smith.
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Indicate whether the statement is true or false
The Yankee Corporation has recently begun to accept credit cards. On July 7, Yankee made a credit card sale of $600. The credit card company charges a fee of 3%.Which of the following answers correctly describes the effect of the collection of cash from the credit card company on the financial statements of Yankee Corporation? Assets=Liab.+EquityRev.?Expenses=Net Inc.Cash FlowA.NA=NA+NANA?NA=NA582 OAB.582=NA+NA582?NA=582582 OAC.NA=NA+NANA?NA=NANAD.582=582+NANA?NA=NA582 OA
A. Option A B. Option B C. Option C D. Option D
Costs incurred internally to create intangibles are
a. capitalized. b. capitalized if they have an indefinite life. c. expensed as incurred. d. expensed only if they have a limited life.