Currently, there are ________ countries that are members of the European Monetary Union

A) 10
B) 17
C) 15
D) 20

B

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In 2017, a corporation purchased a small business for $250,000

The market value of the small business's assets was $400,000, and the market value of the liabilities was $200,000. The corporation recorded goodwill of $50,000 at the time of acquisition. At the end of 2018, it measured goodwill and found it had a remaining fair value of only $20,000. At year-end 2018, the corporation will ________. A) record a loss on sale of assets B) record an impairment loss C) record accumulated depletion D) record a gain in goodwill

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Which of the following statements about long-term care insurance is (are) true? I. Long-term care insurance is inexpensive, especially if purchased at older ages. II. Purchasers have a choice of daily benefits and benefit periods

A) I only B) II only C) both I and II D) neither I nor II

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