When a life insurance policy contains a guarantee that the company that purchased the policy is entitled to a return equal to the amount of the cash surrender value of the policy, a portion of the premium is recorded to a long term liability account
Indicate whether the statement is true or false
False
You might also like to view...
If Ampex Support Systems is the single supplier for a local manufacturing company's MRO (maintenance, repair, operating) supplies and needs, Ampex Support Systems is considered as providing ________ for the manufacturer
A) guided selling B) purchasing support C) turnkey logistics D) decision support E) systems contracting
Which of the following can companies use as collateral for a loan?
a. prepaid insurance b. prepaid rent c. property, plant, and equipment d. retained earnings
Explain product line pricing
What will be an ideal response?
In the national organization Toastmasters, members are required to speak on a regular basis. In one situation, a member pulls a topic from a hat, spends a few minutes preparing, and then gives a 3-5 minute presentation on the topic. What kind of delivery is this?
a. Memorized b. Scripted c. Written-and-read d. Impromptu