Shirley has a $500,000 10-year non-renewable level term life policy. If she dies 15 years after the policy's inception date, how much will her beneficiary receive?
A) Nothing
B) $100,000
C) $250,000
D) $500,000
Ans: A) Nothing
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Fill in the blank(s) with the appropriate word(s).
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What are the steps to record borrowing on a note payable?
a. Choose Bank Deposit in the navigation bar, then select Notes Payable. b. Choose Bank within the menu, then click (+) icon by Deposit, then choose Note Payable. c. Click on the menu icon, choose Bank Deposit, then choose Notes Payable. d. Select Bank Deposit from the Create (+) icon. Complete the deposit using notes payable as the offsetting account
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