Which of the following statements about premium taxes is (are) true? I. They are levied by the federal government as a result of the McCarran-Ferguson Act. II. Their primary purpose is to provide funds for insurance regulation
A) I only
B) II only
C) both I and II
D) neither I nor II
Answer: D
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How much were Durand's period costs?
The following information was obtained from Durand, Inc.:
A) $462,540
B) $506,010
C) $13,710
D) $503,900
What has research shown about the value Americans place on the ethical nature of their employer?
a. A minority of Americans consider an ethical culture a very important component in an employer. b. The majority of Americans do not consider ethics when looking for an employer. c. Most Americans would like to work for an ethical company but do not consider it a priority. d. A vast majority believe it is highly important to work for an ethical company.
The general ledger account for Accounts Receivable shows a debit balance of $50,000. Allowance for Uncollectible Accounts has a credit balance of $3,000. Net sales for the year were $500,000. In the past, 3 percent of sales have proved uncollectible, and an aging of accounts receivable resulted in an estimate of $20,000 of uncollectible accounts receivable. Using the percentage of net sales
method, the entry to record the Uncollectible Accounts Expense would be: A) Uncollectible Accounts Expense 12,000 Allowance for Uncollectible Accounts 12,000 B) Uncollectible Accounts Expense 15,000 Allowance for Uncollectible Accounts 15,000 C) Allowance for Uncollectible Accounts 18,000 Uncollectible Accounts Expense 18,000 D) Allowance for Uncollectible Accounts 20,000 Uncollectible Accounts Expense 20,000
In the Schwartz Value Survey about the content and structure of human values, the value orientation of ______ refers to the recognition of people as moral equals.
A. egalitarianism B. harmony C. intellectual autonomy D. content of values