The weighted average cost is calculated by adding up the units' costs from each purchase and then dividing by the number of purchases

When a company exchanges nonmonetary assets and a loss results, the company recognizes the loss only if the exchange has commercial substance.

a. true b. false

A life insurance rider that allows an individual to purchase insurance as they grow older, regardless of insurability, is called a(n)

A) guaranteed term rider B) guaranteed insurability rider C) accelerated benefit rider D) cost of living rider