Which of the following policy riders is/are frequently found in life insurance policies?
A. Cost of Living rider
B. AD&D
C. Waiver of Premium
D. All of the above
Ans: D. All of the above
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The treasurer for Rahm Corp was preparing a bank reconciliation as of September 30, 2016 . The following items were identified: Rahm's book balance $32,800 Deposits in transit 4,300 Outstanding checks 2,200 Interest earned on checking account 100 Customer's NSF check returned by the bank 400 Rahm Corp's adjusted cash balance at September 30, 2016 is
a. $34,600 b. $34,900 c. $32,500 d. $32,800
What type of criteria is used in an open and informal selection system?
a) Clearly defined criteria b) Selectors’ individual preferences c) Less defined criteria d) No panel discussion.
Courts order reformation most often when fraud or mutual mistake is present
Indicate whether the statement is true or false
Marks Consulting purchased equipment costing $45,000 on January 1, Year 1. The equipment is estimated to have a salvage value of $5,000 and an estimated useful life of 8 years. Straight-line depreciation is used. If the equipment is sold on July 1, Year 5 for $20,000, the journal entry to record the sale will include a:
A. Debit to gain on sale for $2,500. B. Debit to loss on sale for $10,000. C. Credit to cash for $20,000. D. Debit to accumulated depreciation for $22,500. E. Credit to loss on sale for $10,000.