You are in an auto accident with someone who does not have insurance. You should do all of the following except
A) take pictures.
B) call the police.
C) file a claim.
D) try to settle the claim without involving the police or your insurance company.
Answer: D
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Which the following statements regarding 1035 exchanges is NOT correct?
A) Life insurance to annuity transfers are not taxable. B) Life insurance to life insurance transfers are not taxable. C) Annuity to annuity transfers are not taxable. D) Annuity to life insurance transfers are tax-free.
What information does a firm's statement of cash flows provide to the viewing public?
A) a report documenting a firm's cash inflows and cash outflows from operating, financing, and investing activities for a defined period of time B) an itemization of all of a firm's assets, liabilities, and equity for a defined period of time C) a report of revenues and expenses for a defined period of time D) a report of investments made and their cost for a specific period of time