Some loss contingencies may be disclosed only in the footnotes even if the losses are deemed to be probable

Indicate whether the statement is true or false.

Answer: TRUE

Business

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Benson has been exposed to aggressive behavior for most of his life. The "short fuse" he has developed is an example of:

A) positive attitude toward revenge. B) high trait anger. C) past experience with aggression. D) overt expression rather than suppression of anger.

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Peter deposits $500 at the END of every month for 3 years in a savings account. The account pays 12% interest, compounded monthly. Peter calculates that the future value of the ordinary annuity is $21,538.44. What would be the future value if deposits were made at the BEGINNING of each period rather than the END? (Calculate the future value by formula)

A) $21,753.83 B) $25,734.44 C) $22,273.44 D) $22,349.85

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