Which of the following costs should not be recorded as an expense?
A. Insurance on factory building
B. Product shipping costs
C. Product advertising
D. Sales commissions
Answer: A
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Define consumerism and environmentalism
What will be an ideal response?
Which of the following statements characterizes defined contribution plans?
a. They are more complex in construction than defined benefit plans. b. The employer's obligation is satisfied by making the appropriate amount of periodic contribution. c. The investment risk is borne by the employer. d. Contributions are made in equal amounts by employer and employees.
Which of the following is true of a zero coupon bond?
A) The bond sells at a premium prior to maturity. B) The bond makes no coupon payments. C) The bond has a zero par value. D) The bond has no value until the year it matures because there are no positive cash flows until then.
An agent who intentionally makes an untrue or incomplete statement during the course of an insurance transaction may be guilty of misrepresentation.
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