Which one of the following is not usually involved in the provision of funding for college expenses?
A) Needs based life insurance
B) Life insurance trust
C) Section 529 plan
D) All of the above
B
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For each of the following assets, provide a description and state the related expense.
This type of ADR system involves a third party making a binding decision that the parties must live with-binding arbitration is the most common form of this ADR system.
A. imposed ADR system B. advisory ADR system C. negotiated ADR system D. facilitated ADR system
Which of the following is a cash inflow from an operating activity on a statement of cash flows prepared using the direct method?
A) sold treasury stock for cash B) issued common stock C) received interest revenue in cash D) borrowed money on a long-term note
On January 1, 2017, Shea Landscaping borrowed $100,000 on a 15%, 10-year note with annual installment payments of $10,000 plus interest due on December 31 of each year
Prepare the journal entry for the first installment payment made on December 31, 2017. What will be an ideal response