The main difference in the financial statements of a manufacturing business and a merchandiser is the cost of goods sold section of the income statement and the inventories on the balance sheet

Denise, age 52, has a straight whole life policy and decides to stop paying premiums and take a paid-up policy for a reduced amount. Her paid-up policy will be

A) term insurance B) whole life C) any type of policy she selects D) an annuity"

The seller wants to sell his home before they buy a much larger one. A broker could offer to buy the current home using a Contract to Buy and Sell as an offer to buy his property to facilitate the other transaction. No addendum is needed.

a. true b. false