Use the Following Two Columns of Items to Answer the Matching

question 38

Short Answer

Use the following two columns of items to answer the matching questions below:
-whole life insurance
A)cash value and benefits to the beneficiary
B)combination of term insurance and a savings plan
C)premiums constant with reduced benefits
D)term insurance with a variable investment portion

• A)cash value and benefits to the beneficiary
• B)combination of term insurance and a savings plan
• C)premiums constant with reduced benefits
• D)term insurance with a variable investment portion

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Definitions:

Book Value

Refers to the net value of an asset as recorded on the balance sheet, calculated as the original cost minus accumulated depreciation and impairment.

Accrued Salaries

Salaries that have been earned by employees but have not yet been paid by the company.

Liabilities

Financial obligations or debts owed by a business to external parties or individuals.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting liabilities, essentially the net worth from a shareholder's perspective.