Which of the following statements is true concerning assets?
a. Assets represent future economic sacrifices.
b. Assets are expired costs.
c. Assets become expenses at the time they are paid in cash.
d. Assets become expenses when their economic benefits expire.
d
Business
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Indicate whether the statement is true or false
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The purpose of the incontestability provision is to protect
A) the insured B) the insurer C) he employer D) the beneficiary"
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