All of the following are available under one of the HO forms except:
A) personal liability insurance
B) theft insurance
C) medical payments coverage for others
D) automobile physical damage coverage
D
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General partners have ________ for the debts and obligations of the partnership
A) limited exemption B) conditional exemption C) limited organizational liability D) unlimited personal liability
Cash dividends and treasury stock purchases ________
A) represent cash payments that are made to ensure higher reported profits B) may be limited by creditors to ensure that the company maintains a minimum level of stockholders' equity C) may be restricted as a way to lower federal income tax expense D) make more resources available to pay liabilities
The Nebraska Supreme Court issues an opinion that can be found at 285 Neb. 88, 825 N.W.2d 429. "285" is
a. the number of the volume in the official reports of the court's decisions. b. the number of the volume in Thomson Reuter's unofficial publication of the court's decisions. c. a page number in the appropriate volume. d. the number of the case in the sequence decided by the state's highest court.
In which of the following situations would it not be appropriate to use the following formula: PV = C0 + C1/(1 + r) + C2/(1 + r)2 + . . . . + Cn/(1 + r)n when determining the present value (PV) of a cash flow stream?
A) when yield curves are flat B) when short-term and long-term interest rates vary widely C) when the inflation rate is high D) when the discount rate is high