The Correct Heading on a Statement of Financial Position Made

question 44

Multiple Choice

The correct heading on a statement of financial position made up to 30 June 2014 is:

• A)As at 30 June 2014
• B)For the year ended 30 June 2014
• C)For the period ended 30 June 2014
• D)30^th June 2014

---

Definitions:

Term Life Insurance

A type of life insurance policy that provides coverage at a fixed rate of payments for a limited period of time, often selected to cover the "term" of one's greatest financial responsibilities.

Universal Life Insurance

A type of flexible permanent life insurance offering both a death benefit and a savings component, allowing the policyholder to adjust premiums and benefits.

Variable Life Insurance

A type of life insurance policy that combines life coverage with an investment fund, where the cash value and death benefit can vary based on the performance of investments.

Wingbeat Frequency

The rate at which a flying organism flaps its wings, important for various aspects of flight dynamics and energy expenditure.