Which of the following statements regarding an individual disability income policy's rehabilitation benefit is CORRECT?
A) The rider helps pay the cost of at-home medical equipment for a disabled insured.
B) The rider helps pay nursing home costs for a severely disabled insured.
C) The rider helps pay the cost of rehabilitation treatment for alcohol and drug abuse.
D) The rider helps pay the cost of therapy and retraining.
Ans: D) The rider helps pay the cost of therapy and retraining.
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If there is no relationship between the rates of return of two assets over time, these assets are
A) positively correlated. B) negatively correlated. C) perfectly negatively correlated. D) uncorrelated.
An investor in securities accounted for by the equity method has the following information available at December 31, 2012:
Market value of securities $10,000 Acquisition cost of securities $8,000 How does the investor report the change in market value on the securities at December 31, 2012? A) adjustment to Investment account B) unrealized gain of $2,000 on income statement C) adjustment to " other comprehensive income" account D) not reported