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George forgot to pay his monthly life insurance premium that was due on March 1. The policy had a face value of $100,000. On March 21, George died
How much will the insurer pay George's beneficiary for this death claim, assuming the policy contained a standard grace period clause? A) Whatever cash value has accumulated in the policy B) $100,000 C) $0 D) An amount equal to the face value of the policy, MINUS the overdue premiums and any interest or late penalties George owed them
The cash paid to purchase 40% of a corporation's outstanding stock to be accounted for under the equity method is reported on the statement of cash flows as a(n):
A) increase in financing activities. B) decrease in financing activities. C) increase in investing activities. D) decrease in investing activities.