An insurance contract is called a ________
A) policy
B) premium
C) lien
D) writ
A
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The market interest rate is also called the effective interest rate
Indicate whether the statement is true or false
Land costing $88,000 was sold for $50,000 cash. The loss on the sale was reported on the income statement as other expense. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?
A) $50,000 B) $88,000 C) $138,000 D) $38,000
A major difference between retailer and manufacturer advertising strategies is that retailers _____
a. have more geographically concentrated target markets than manufacturers b. are more prone to use radio and television media than manufacturers c. generate cooperative advertising programs d. are more concerned with institutional advertising
Duke signs a note "payable to the order of Equity Bank.". Unless Duke has a valid defense against payment, his liability on this note is
a. impaired. b. primary. c. secondary. d. qualified.