Elimination procedures for intercompany bonds purchased from outside parties by another member of the consolidated group are:
a. not needed except in the period of acquisition if purchased at par
b. not needed except in the period of acquisition if purchased at a premium or discount.
c. not needed except in the period of acquisition if only a portion of the outstanding bonds are purchased.
d. needed each period as long as the intercompany investment in bonds exists.
d
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Use the information in Table H.3. What is the select time for work element 4?
A) fewer than 40 seconds B) greater than or equal to 40 seconds but fewer than 60 seconds C) greater than or equal to 60 seconds but fewer than or equal to 80 seconds D) greater than or equal to 80 seconds
A method of determining how much life insurance you require based on funds your family would require to maintain its lifestyle after your death is called the
A) earnings multiple approach. B) needs approach. C) cash liquidity approach. D) funds analysis approach. E) none of the above.