The hallway discussion project team communication method has a medium to a high formality rating

Bridget started to fund a variable annuity. Three years later, she experienced financial difficulty. She called her agent and cancelled the contract. The insurer returned all but 4 percent of the account balance. The 4 percent kept by the insurer is a(n)

A) account administration fee. B) investment management fee. C) front-end load. D) surrender charge.

A company sold equipment with a book value of $10,000 at a gain of $2,500. How much can be reported in the investing activities section of the statement of cash flows as cash received upon the sale of the equipment?

A) The cash received upon the sale of the equipment is $7,500. B) The cash received upon the sale of the equipment is $2,500. C) The cash received upon the sale of the equipment is $12,500. D) The cash received upon the sale of the equipment is $10,000.