The income summary account is closed to the owner's capital account

Which of the following provides the most meaningful cost index (dollars and cents per thousand per year) of cash value life insurance?

(a) traditional net cost (b) Linton yield (c) surrender cost index (d) human life value

When should an average amount be used for the numerator or denominator?

A. When the numerator is a balance sheet item or items B. When the denominator is a balance sheet item or items C. When a ratio consists of an income statement item and a balance sheet item D. When the numerator is an income statement item or items