On an accrual basis income statement, revenues equal cash receipts and expenses equal cash

When one asserts a certain aspect of personal culture is superior, such as reward system, one may well be exhibiting:

a. ethnocentric behavior b. objective observvation c. your understand of truth d. your hunches

All of the following statements are true about participating and nonparticipating policies, except:

A. They are sometimes referred to as par and non-par. B. Participating policies allow a policyowner to share in a mutual company's divisible surplus in the form of dividends. C. Non-participating policies issue dividends to shareholders. D. Non-participating policies issue dividends to policyowners.