A contingent beneficiary
A)
will always share in the insurance pay-out.
B)
will share in the insurance pay-out only if he or she satisfies certain conditions set out in the will.
C)
will share in the insurance pay-out only if the primary beneficiary is not alive.
D)
will share in the insurance pay-out only if the primary and secondary beneficiaries are not alive.
C
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A company has prepared the operating budget and the cash budget and is now preparing the budgeted balance sheet. The balance of Accounts Payable can be taken from the ________
A) inventory, purchases, and cost of goods sold budget B) schedule of cash payments C) direct materials budget D) selling and administrative expenses budget
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