When waiting time is based on time in the queue, which of the following is the correct equation for total cost?

What is an insurance policy's grace period?

A) Period of time after the initial premium is paid and before the policy is issued B) Period of time it takes for a policy's underwriting to compete C) Period of time after a policy is issued and before it is delivered to policyowner D) Period of time after the premium is due but the policy remains in force

In reporting discontinued operations, which of the following should be shown in a separate section of the income statement?

A. Gains on the disposal of the discontinued business segment B. Wages expense C. Depreciation expense D. Sales revenue