Wallace Repair Corporation incurred $1,500 as a labor expense and promised to pay the labor agency within 30 days. Which of the following will decrease as a result of this transaction?
A) Assets
B) Stockholders' equity
C) Liabilities
D) Revenues
B
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Risk managers do not employ financial analysis in deciding upon the optimal risk treatment method.
a. true b. false
Which of the following statements regarding an accidental death and dismemberment rider for a disability insurance policy is NOT correct?
A) The dismemberment feature provides insureds with periodic payments to help them during a rehabilitation period. B) The life insurance feature of this rider does not pay a death benefit if the death is due to natural causes. C) Once a sum has been paid under the dismemberment feature, the disability income payments stop. D) The sum payable under the dismemberment feature is typically expressed as a multiple of the disability policy's weekly indemnity.