A qualified plan generally refers to a plan that meets standards set by the ________

Which of the following statements is true of the accounting cycle?

A) It takes place only at the end of an accounting period. B) It involves preparation of adjusting entries after the closing entries. C) It ignores the beginning balances of accounts. D) It is a process by which financial statements for a period are produced.

Which scenario would most life insurance policies exclude coverage for?

A) A tourist traveling aboard on a major airline carrier B) An individual who has a hobby racing cars once a month C) An airline pilot who flies for a commercial carrier D) A soldier on leave at home