The key input to any cash budget is ________

Edna stopped paying premiums on her permanent life insurance policy 7 years ago, though she never surrendered it. She is still insurable and has no outstanding loan against the policy. The company will probably decline to reinstate the policy because the time limit for reinstatement has expired. The limit is

A) 60 to 90 days B) 1 year C) 3 years D) 6 months to 18 months"

In a world with no taxes and no transaction costs, dividend policy is irrelevant

Indicate whether the statement is true or false.