Under a defined contribution pension plan, the contribution is fixed but benefits can vary
Indicate whether the statement is true or false.
Answer: TRUE
Business
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Which of the following policyowner rights relates directly to the cash value of permanent insurance?
A) Right to assign proceeds B) Right to change premium mode C) Right to name beneficiaries D) Right to take a policy loan"
Business
On January 1, 2015, Ward Corporation issued $5,000,000 8%, 10-year bonds at 103. The journal entry to record the issuance will show a
A. credit to Cash for $5,150,000 B. credit to Bonds Payable for $5,030,000 C. credit to Premium on Bonds Payable for $150,000 D. debit to Cash of $5,000,000
Business