he proceeds received under a life insurance endowment contract is not considered part of gross income if the price for the endowment policy was not fully paid where payment is made as a result of the death of the insured if it is so stated in the life insurance endowment policy where the beneficiary was not the one who took out the endowme

he proceeds received under a life insurance endowment contract is not considered part of gross income if the price for the endowment policy was not fully paid where payment is made as a result of the death of the insured if it is so stated in the life insurance endowment policy where the beneficiary was not the one who took out the endowme

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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