In purchasing life insurance, Kelsey concealed the fact that she has a muscular disease. The insurance company can void the policy if the muscular disease is found to be a material fact.

Answer the following statement true (T) or false (F)


True

Business

You might also like to view...

The more familiar customers are with a brand, the harder their decision-making process will be.

Answer the following statement true (T) or false (F)

Business

The appropriate section in the statement of cash flows for reporting the cash received from the issuance of a long-term note payable is:

A. Schedule of noncash investing or financing activity. B. Operating activities. C. Financing activities. D. This is not reported on the statement of cash flows. E. Investing activities.

Business

Consider two companies in a world with no taxes that are alike except in borrowing choices. Barry Corp. has no debt financing, and Crawford Corp. uses debt financing. The EBIT for both companies is $100

Barry Corp. has 40 shares outstanding and pays no interest. Crawford Corp. has 30 shares outstanding and pays $25 in interest. What is the EPS for each company? A) Both companies have an EPS of $2.50. B) Both companies have an EPS of $2.00. C) Barry Corp. has an EPS of $2.50 and Crawford Corp. has an EPS of $2.00. D) Barry Corp. has an EPS of $2.00 and Crawford Corp. has an EPS of $2.50.

Business

Which of the following is required for a violation of Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5?

A. nonexemption status B. scienter C. a lack of due care D. negligence

Business