Why have term life insurance rates decreased in recent years?
A) Improved human longevity
B) Decrease in percentage of the population infected with HIV/AIDS
C) Regulatory intervention
D) They have not decreased; this is a trick question.
A
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For those clients with treasury stock, which of the following would the auditor be least likely to perform?
a. Obtaining confirmations from the stock transfer agent. b. Tracing transactions through the cash receipts journal. c. Tracing transactions through the cash disbursements journal. d. Reviewing a copy of the client's articles of incorporation.
Long-term debt imposes financing risk because it
a. decreases the need for shareholders' equity. b. requires principal and interest payments. c. requires a default before filing for bankruptcy. d. can result in default, creditor or regulatory intervention in the management of the firm. e. None of these answer choices is correct.
Bad debt risks are minimized with retailer-generated open credit accounts and revolving credit accounts
Indicate whether the statement is true or false
Which of the following is NOT a flow typically found in a supply chain?
A) physical B) information C) monetary D) risk