Data collected on marital status (married, divorced, single, other) would be an ordinal level variable

A business purchases equipment by paying $9,087 in cash and issuing a note payable of $13,264. Which of the following occurs?

A) Cash is credited for $9,087, Equipment is credited for $22,351, and Notes Payable is debited for $13,264. B) Cash is credited for $9,087, Equipment is debited for $22,351, and Notes Payable is credited for $13,264. C) Cash is debited for $9,087, Equipment is debited for $13,264,and Notes Payable is credited for $22,351. D) Cash is debited for $9,087, Equipment is credited for $13,264, and Notes Payable is debited for $4,177.

What happens if a claim arises during the grace period of an individual life insurance policy?

A) The benefits will be doubled. B) Benefits will be paid, but unpaid premiums can be deducted from the policy proceeds. C) Benefits will not be paid, but premiums will be returned. D) No benefits and no return of premiums will be paid."