When a cash value life insurance policy is converted into an annuity in a nontaxable transaction, the event is generally known as

Which of the following items would be reported at its gross amount on the face of the income statement?

a. Extraordinary loss b. Prior period adjustment c. Cumulative effect of a change in an accounting principle d. Unusual gain

The most common form of advertainment is product placement

Indicate whether the statement is true or false