If all direct materials are added at the end of the production process, and the units have made it 50% of the way through the production process, then the percentage completion for direct materials is 0%

When a life insurance policy is surrendered, how does the cost recovery rule apply?

A) The policy's cost basis is taxable B) The insurer withholds the cost basis C) The entire cash value is taxable D) The policy's cost basic is exempt from taxation

A blocked currency is one whose removal from the country is restricted by the buyer's government

Indicate whether the statement is true or false