Typically, a contract for group life insurance is issued to
A) the producer who sold the policy
B) the employer
C) the employee
D) the insurer
Ans: B) the employer
Business
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Rikart Real Estate has a $2,000,000 installment accounts receivable. Rikart recognizes income for tax purposes when cash is collected, and pays tax at a rate of 35%. Rikart's balance sheet should include a deferred tax liability of:
a. $2,000,000. b. $700,000. c. $0.
Business
Today, consumers are price takers and accept prices at face value or as given
Indicate whether the statement is true or false
Business