An insurance contract is not considered to be a legalized form of gambling because:
a. one must have an insurable interest in the person being insured.
b. insurance contracts are underwritten by reputable companies.
c. insurance activities are regulated by the state department of insurance.
d. All of the above.
a
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The acquisition of land in exchange for common stock is an example of noncash investing and financing activity
a. True b. False Indicate whether the statement is true or false
President Ronald Reagan rode to power on a platform of New Federalism, which called for a shift of political debate and public policy decisions to state and local levels
Indicate whether the statement is true or false
For a state to tax a business, the business must:
a. do at least a minimal amount of business in that state b. have a trucking route through that state c. have five employees living in that state d. have a telephone number in that state e. have a CEO living within that state
The issuance price of a bond does not depend on the:
A. perceived risk associated with the bond. B. face value of the bond. C. market rate of interest. D. method used to amortize the discount or premium.