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IceJOKER [234]
3 years ago
13

2. Indicate whether the following statements are true or false:

Business
1 answer:
VladimirAG [237]3 years ago
7 0

Answer:

false ucboycivtsobudbvrxyvjk

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Problem 2-15 (Algorithmic) Life Insurance (LO 2.8) Sharon transfers to Russ a life insurance policy with a cash surrender value
skelet666 [1.2K]

Answer:

$38,440

Explanation:

Calculation to determine How much of the proceeds, if any, is taxable to Russ

Face value of policy $74,400

Less: Cash Surrender value ($24,800)

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Taxable Proceeds $38,440

Therefore the taxable Proceeds are $38,440.

6 0
3 years ago
Which consequences can victims of identity theft face?
Burka [1]

Answer:

The correct answers would be

1. Difficulty getting a loan or credit card

2. An increase in debt

4. Difficulty keeping assets

5. Loss of money

Explanation:

Hope this helps! Have a Happy New Year!

4 0
3 years ago
Mary Martin, the sole stockholder of Martin Consulting, received a $2,000 dividend from the company. Identify the general journa
inn [45]

Answer:

Option A is correct

Explanation:

When dividends are declared, the appropriate entries would be debit retained earnings and credit dividends payable since the dividends are yet to be paid.

When outright cash is given dividends, it is safe to debit dividends  while crediting cash since there an outflow of cash from the business.

As a result, the correct option is A

3 0
3 years ago
Criminal law defines crimes, establishes punishments, and includes payment for personal injury.
FromTheMoon [43]

Answer:

t

Explanation:

the letter t is cool

5 0
3 years ago
Because supply curves slope upward, this supports the law of supply that as prices __________, more goods will be supplied.
antoniya [11.8K]

Answer: increase

Explanation:

The supply curves slope upward due to the fact that there's a direct relationship between the price of the good and the quantity that's supplied.

This means that when price increase let's say the price of a good moves from $5 to $7, the suppliers will supply more due to the price increase.

3 0
3 years ago
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