The most important reason for having life insurance is that it is a tax advantaged source of savings
Indicate whether the statement is true or false.
FALSE
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Who pays the freight costs when the terms are FOB shipping point?
A) the ultimate customer B) the buyer C) the seller D) either the seller or the buyer
Which of the following is appropriate etiquette when listening?
a. Restate in your own words what you think the speaker has said. b. Interrupt the speaker when a misstatement is made. c. Frequently break eye contact with the speaker. d. None of the above are appropriate listening etiquette.
McCorey Corporation recorded the following events last year:Repurchase by the company of its own common stock$ 60,000Sale of long-term investment$ 55,000Interest paid to lenders$ 15,000Dividends paid to the company's shareholders$ 70,000Collection by McCorey of a loan made to another company$ 75,000Payment of taxes to governmental bodies$ 50,000On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.Based solely on the information above, the net cash provided by (used in) financing activities on the statement of cash flows would be:
A. $(70,000) B. $130,000 C. $(130,000) D. $70,000
An agency develops materials that help those regulated understand what they are required to do to comply with the law through the process of:
a. document drafting b. rule making c. rule enforcing d. rule writing e. rule passing