Which of the following is a required policy provision?

A) Change of occupation
B) Change of beneficiary
C) Insurance with other insurers
D) Misstatement of age

Answer: B) Change of beneficiary

Business

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Which of the following is an example of noncash investing and financing activity that is disclosed in a supplementary schedule accompanying the statement of cash flows or in a footnote to the financial statements?

A. Selling goods on credit B. Paying the amount due a creditor C. Purchasing equipment in exchange for a long-term note D. Gain on the sale of land

Business

____________________ is the process of estimating the uncollectible amount by analyzing account balances according to the length of time the accounts have been outstanding

Fill in the blank(s) with correct word

Business