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NEW QUESTION: 1
Life insurance can serve as an important source of funding for stock purchase agreements pertaining to decreased shareholders. The advantages of using life insurance for the purpose are several. Which of the following is NOT out of such advantage?
A. Deceased shareholders' estates
B. The corporation's investment in the cash value of an ordinary life policy is a business asset.
C. Any excess insurance the corporation carries over and above the value of the stock purchase agreement can be retained as earned surplus
D. Provision for continuity of the business after loss of a key person
NEW QUESTION: 2
A. Option A
B. Option D
C. Option B
D. Option C
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