Which of the following statements about captive insurers is not correct?
A) They are typically a subsidiary of a larger firm or firms.
B) They are typically located in places where insurance regulation is less restrictive.
C) They capitalize on their size to mitigate risks.
D) They are typically located in places where insurance regulation is less costly.
C
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________ is the amount by which inventory diminishes due to theft, misplacement, loss, or mismarking
a. None of the answers listed b. Inventory loss c. Physical inventory d. Inventory shrinkage
David likes to play the lottery. Sometimes he wins, but most times he does not. This is an example of which type of reinforcement schedule?
A. fixed-ratio B. fixed-interval C. variable-ratio D. variable-interval
Federal law establishes the specific procedures for a share exchange
Indicate whether the statement is true or false
Starlight Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each. 11 units are sold on October 4. Using the perpetual LIFO inventory method, what amount will be reported in cost of goods sold for the 11 units that were sold?
A. $2,255. B. $2,200. C. $2,239. D. $2,215. E. $2,228.