Pulte Homes adapts its marketing to foreign differences by making minor changes to bathrooms and outdoor patios. However, Pulte Homes uses the same floor plans and exterior attributes in all countries to gain economies of standardization

Which of the following statements concerning accumulated depreciation is most correct?

A. Accumulated depreciation is an income statement item. B. There is no relationship between depreciation expense on the income statement and accumulated depreciation on the balance sheet. C. Net fixed assets equals gross fixed assets plus accumulated depreciation. D. Accumulated depreciation appears on the balance sheet under the category "other assets". E. None of the above statements are correct.

An applicant for health insurance completes the application and satisfies all of the conditions of the conditional receipt. If the policy is eventually issued as applied for, coverage takes effect

A) as soon as the policy has been delivered to the applicant B) as soon as the underwriting process has been completed C) just as if the policy had already been issued D) as soon as the policy has been issued"