How should intangible assets be disclosed on the balance sheet?
Select one:
A. At the estimated fair value at the balance sheet date
B. As a reduction of stockholders' equity
C. Net of the costs already amortized
D. At cost in the current assets section
C. Net of the costs already amortized
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If an insured does not exercise the option to increase coverage under a guaranteed insurability rider, what is the result?
A) The coverage will not change and the option automatically expires. B) The policy is canceled. C) The insurer automatically increases the coverage, per the amount stated in the option. D) The premiums on the underlying policy are lowered proportionately because no increase in insurance coverage was purchased."
The condition of improper data yielding misleading results is referred to as
A) garbage in, garbage out. B) break-even point. C) uncontrollable variable. D) postoptimality. E) None of the above