Which type of trust exists when people possess personality traits that encourage them to put their faith in others?
a. Disposition-based
b. Perception-based
c. Cognition-based
d. Affect-based
a. Disposition-based
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Fetzer Company declared a $0.35 per share cash dividend. The company has 400,000 shares authorized, 380,000 shares issued, and 16,000 shares in treasury stock. The journal entry to record the payment of the dividend is:
A. Debit Common Dividends Payable $127,400; credit Cash $127,400. B. Debit Retained Earnings $133,000; credit Common Dividends Payable $133,000. C. Debit Common Dividends Payable $133,000; credit Cash $133,000. D. Debit Retained Earnings $140,000; credit Common Dividends Payable $140,000. E. Debit Retained Earnings $127,400; credit Common Dividends Payable $127,400.
Darcy buys a life insurance policy on her own life, under which she pays the annual premiums. The insurance is issued for a specific period, but is renewable for similar periods. Darcy is covered only as long as she makes the payments. There is no cash value portion to the policy. Darcy probably owns
a. whole life insurance. b. key-person life insurance. c. term life insurance. d. an annuity.
A bilateral contract comes into existence at the moment promises are exchanged
Indicate whether the statement is true or false
Child custody arrangements, in which the court orders to a child reside with one parent for part of each year, and with the other parent during the remainder of the year, is called_________ custody
Fill in the blank(s) with correct word