Which of the following is not a reason for the comprehensive regulation of insurance?
A) Widespread abuse of consumer rights
B) Severe impact of insurer insolvency
C) Unequal knowledge and bargaining power of buyers and sellers
D) Unique pricing problems inherent in insurance
A
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The ____________________ lists all revenue items and their total first, followed by all expense items and their total
Fill in the blank(s) with correct word
Which of the following statements is true regarding a bond?
a. A bond is a certificate that acts as evidence of ownership in a corporation. b. A bond is a certificate that represents a corporation's promise to repay a certain amount of money and interest in the future. c. If you buy a bond from a company, you are borrowing money from the company. d. Bondholders receive dividends semiannually.
Under international accounting standards, the derecognition of receivables requires that
a. the risks and rewards associated with the cash flows from the financial asset pass from the transferor to the transferee. b. a binding legal agreement must exist between the transferor and the transferee. c. economic ownership of the asset passes from the transferor to the transferee. d. the receivable is determined to be fully collectible.
Farmer Co. is considering Projects S and L, whose cash flows are shown below. These projects are mutually exclusive, equally risky, and not repeatable. If the decision is made by choosing the project with the shorter payback, some value may be forgone. How much value will be lost in this instance? Note that under some conditions choosing projects on the basis of the shorter payback will not cause value to be lost. r =10.25% Year0 1 2 3 4 CFS?$950 $500 $800 $0 $0 CFL?$2,100 $400 $800 $800 $1,000
A. $24.14 B. $26.82 C. $29.80 D. $33.11 E. $36.42