A business professional from St. John's University has been donating several hours of consulting time to local nonprofit organizations each month. This could be expected to provide the centre with all of the following benefits EXCEPT which one?

An increase in the current ratio implies that the profitability of the company has increased from the previous period

Indicate whether the statement is true or false

Which of the following statements regarding the estate tax treatment of life insurance owned by the insured at the insured's death is NOT correct?

A) The insured could keep death benefit proceeds out of his estate by making another party the owner of the policy. B) Life insurance that is owned by the insured will avoid estate tax inclusion as long as ownership is transferred to another party at least 1 year before the insured's death. C) An irrevocable life insurance trust is a common device used to keep life insurance out of the insured's estate. D) Life insurance death benefit proceeds are included in the insured's estate for estate valuation purposes if the policy was owned by the decedent.