Which of the following accounts may appear on an post-closing trial balance?
a. cash, salaries payable, and retained earnings
b. cash, salaries payable, and service revenue
c. cash, service revenue, and salaries expense
d. cash, salaries payable, and salaries expense
Ans: a. cash, salaries payable, and retained earnings
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All of the following statements are true about the free look provision in life insurance policies in California, except:
A. A full refund of the premium paid is required if the policy is returned within 10 days of delivery. B. The contract is in force during the 10 day period and any claims must be paid even though the owner has returned the contract. C. Senior citizens must be given a minimum of 30 days free look. D. Death during the free look period results in a full death benefit
The municipal yield curve is typically _______ than the Treasury yield curve, and the shape of the municipal yield curve is _______ the shape of the Treasury yield curve.
A) lower; similar to B) higher; very different than C) lower; very different than D) higher; similar to