Answer:
d. They are tax free to terminal ill insured
Explanation:
Dividends in participating policies are not taxed, whether you are chronically ill or not. The IRS considers dividends distributed by participating policies as unused premiums, they are not considered income. Only if any interests are earned, then only the interests will be taxed.
Corporation often sells shares periodically. The type of corporation sells millions of shares and must furnish complete information about its earnings, assets, and debts is known as Public Corporation.
- The Public corporation is known to usually sells millions of shares of stock to many stockholders.
This is known to be a type of corporation make its financial information known to the general public and can be called an open corporation.
A public corporation is known as a corporation that is often owned and run by a government, set up for the administration of some specific public programs.
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<span>This statement is false. An absolute advantage is the countries ability to carry out a certain economically advantageous activity better than another country or group while a comparative advantage is the ability to carry out an economic activity better and more efficiently than another activity.</span>
Answer:
The answer is: D) Debit Accounts Payable $1500; Credit Merchandise Inventory $1500
Explanation:
The correct records should be:
Dr Accounts Payable account 1,500
Cr Merchandise Inventory account 1,500
Accounts Payable is a liability, and when liabilities decrease (the returned merchandise reduces the debt), they should be debited.
Merchandise Inventory is an asset, and when assets decrease (some merchandise was returned), they should be credited.
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Explanation:
<span> 50 percent
Hope this helps!</span>
