As you develop your long term personal financial plan, consideration of purchasing disability insurance and paying the premiums is very important when
A) you are raising a family and have significant financial responsibilities.
B) you are nearing retirement and want to protect your net worth.
C) you begin collecting social security as a way to supplement your retirement income.
D) you begin to feel ill.
Answer: A
You might also like to view...
Corporate profits can be subject to _________ taxation.
Fill in the blank(s) with the appropriate word(s).
Bryan Consultants had the following balances before preparing adjusting entries in the books on December 31, 2017
Cash $6,000 Dividends $3,000 Accounts Receivable 2,000 Service Revenue 10,600 Office Supplies 1,800 Salaries Expense 4,000 Equipment 15,000 Rent Expense 800 Accumulated Depreciation- 9,000 Depreciation Expense- 1,500 Equipment Equipment Common Stock 15,000 Supplies Expense 500 Prepare the adjusted trial balance after considering these adjustments: a. Office Supplies used, $800. Assume the office supplies were initially recorded as an asset. b. Accrued salaries on December 31, $600. c. Revenue earned but not recorded, $200. What will be an ideal response