Approximately ________ percent of Americans experience some form of mental illness at least once during their lifetime

On December 31, 2016, Axle Services, Inc. prepared the following accrual adjustment:

Salaries Expense 1,000 Salaries Payable 1,000 Axle uses reversing entries. Prepare the reversing entry that would be prepared on January 1, 2017. What will be an ideal response

Which of the following statements regarding conversion is TRUE?

A) The converted policy must be term insurance. B) Conversion must be within 45 days from the date coverage is lost. C) The converted policy may be any amount the insured chooses. D) Premiums are based on the attained age at conversion.