Over which of the following does the federal government have jurisdiction?
A) the regulation of trade and commerce
B) unemployment insurance (now called employment insurance)
C) the law of contract
D) both A and B
E) all of the above
D
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Insurance policies that pay dividends are referred to as
A) participating policies B) preferred policies C) reserved policies D) nonparticipating policies"
Clowns-R-Us reported the following in the statement of comprehensive income for the year ended December 31:
Income from continuing operations before tax 850,000 Income tax expense (340,000) Net income 510,000 Other comprehensive income 130,000 Comprehensive income 640,000 During the year, the company paid $105,000 in dividends and purchased treasury stock with a par value of $20,000 at a cost of $95,000. If the balance of Retained Earnings at the beginning of the year was $4,400,000, what is the balance of Retained Earnings at the end of the year? A) $5,145,000 B) $5,050,000 C) $4,805,000 D) $4,710,000