Life insurance in which the premiums increase as the insured's income increases is known as
a. endowment insurance.
b. universal life insurance.
c. modified life insurance.
d. limited payment life insurance.
C
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On June 1, Dave Byers bought 10 Continental Technology bonds with a coupon rate of 9% interest paid on May 1 and November 1. The purchase price was 92.750 and the commission was $5 per bond. Dave sold the bonds on October 1 for 94.50. What was his total gain on this investment?
What will be an ideal response?
Recently, companies have been ordered by governmental agencies to clean up environmental damages caused by business operations. How should costs incurred in these situations be treated?
a. If a legal obligation exists, the cost of restoring the property must be added to the asset account. b. As an expense entirely in one accounting period. c. As an amortized expense in the period the cost is incurred. d. Added to the asset, and then depreciated over 15 years.
Which of the following can be used to show leadership skills and work habits when a college graduate has limited work experience?
A) Academic awards B) Classes taken C) Presentations given D) High school achievements and awards E) Offices held in clubs or professional organizations, including volunteer work c
Which of the following can be patented?
A. laws of nature B. naturally occurring substances C. asexually reproduced plants D. mathematical formulas