B. A direct qoutatiion that is marked off by quotation marks(APEX VERIFIED)
I believe the answer is: Variable Universal Life
Variable Universal Life is considered as a long-term policy because the clause could only be activated if the policy holder is deceased.
This type of insurance usually would separate the death policies account with the investment account in order to offer more flexibility for the holder.
Answer:
$7.47 million
Explanation:
Given that,
Beginning retained earnings = $2.7 million
Net income earned = $7.6 million
Dividend paid to common stockholders = $2.83 million
Year-end 2008 balance in retained earnings for Z:
= Beginning retained earnings + Net Income - Dividend paid
= $2.7 million + $7.6 million - $2.83 million
= $7.47 million