In the context of insurance, what does the term premium refer to?
A) the money received from the defaulting party
B) the money paid to the insurance company
C) the money paid to insured after an accidental damage
D) the money paid to insurance brokers as fee
B
Business
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Extraordinary items need to be treated separately from regular business operations on the ________
A) balance sheet B) income statement C) statement of cash flows D) statement of changes in shareholders' equity
Business
The cash paid for taxes is included in the ________ section of the statement of cash flows. Assume the direct method is used
A) operating B) investing C) financing D) noncash
Business