Opportunity recognition may be an innate skill or cognitive process

All of the following statements about mutual insurance companies are correct except:

A. If a mutual company goes public, it demutualizes B. Mutual companies issue policies referred to as participating C. Policy dividends issued by mutual companies are guaranteed and not taxable D. Dividends allow policyholders to share in a mutual company's

For federal income tax purposes, on income property, capital expenditures for improvements:

a. are deducted in full expenses that year b. are added to the cost basis of the property and depreciated c. are subtracted from the cost basis of the property d. cannot be depreciated over the remaining life of the improvements