Shares of publicly traded stock can be issued either through a public offering or a rights offering

If the loss ratio on a line of insurance is 70 percent and loss adjustment expenses are 33 percent, then the line is profitable before dividends if the ratio of

A. commissions and other expenses are 15 percent and investment yields are 10 percent. B. commissions and other expenses are 5 percent and investment yields are 6 percent. C. commissions and other expenses are 16 percent and investment yields are 20 percent D. commissions and other expenses are 15 percent and investment yields are 12 percent. E. commissions and other expenses are 6 percent and investment yields are 4 percent.

An accounting record into which the essential facts and figures in connection with all transactions are initially recorded is called the

a. ledger. b. account. c. trial balance. d. none of these.