Most states require licensed insurance agents to be at least age 18, to have good morals, and to pass an examination

The city, which has a December 31 year end, was awarded a $400,000 federal grant for a system hardware upgrade to meet FCC requirements. The grant was awarded and distributed to the fund in June 20X7

However, the capital project is not expected to be completed until June 20X8 . As of December 31, 20X7, the Cable Enterprise Fund should A. Report nonoperating revenues of $400,000. B. Report nonoperating revenues of $200,000. C. Report a capital contribution of $400,000. D. Report a capital contribution of $200,000.

In some states, preemptive rights do not apply to:

A) the reissue of previously issued shares. B) shares issued for noncash consideration. C) shares issued in connection with a merger. D) All of these are correct.