Testing unrecorded retirements provides direct evidence regarding which of the following assertions?   Question  options:   Presentation & Disclosure   Completeness   Existence   None of the options are correct.

Q: Which of the following is NOT computed by an Acturay on behlaf of a firm Select one: a. Total sales…

A: Every business has to face certain risks and its assesment is an important part of the management…

Q: It pertains to a risk management technique when acquiring a life insurance. * risk avoidance risk…

A: One of the risk management technique is Risk Transfer where one party transfer the risk to another.…

Q: Which of the following is NOT true about a temporary insurance agreement? Select one: a. It can only…

A: Insurance agreement:Insurance agreement is when two parties come together and join hands that one…

Q: The Codification combines all relevant literature on a topic in one location. Identify the number of…

A: The Codification, also known as the FASB Accounting Standards Codification, is a comprehensive…

Q: Recent changes to the RMD rule impacted the requred beginning date.  How did the age requirement for…

A: Required minimum distribution (RMD) plan is beneficial for the retired person to reduce the tax…

Q: What is the process of abatement? Select one: a.The establishment of how the creditors will be…

A: An abatement is a reduction or an exemption on the level of taxation faced by an individual or…

Q: A trust account journal does not need to include which of the following information? A social…

A: A trust account is a financial account that holds funds on behalf of a beneficiary or beneficiaries,…

Q: Which of the following is not an insurance management tool? Group of answer choices deductibles.…

A: Insurance management: Insurance Management is the administration of all insurance requirements, both…

Q: 21. What is the form that filled out by insured if a loss is suffered? *

A: Takaful is a sort of Islamic insurance in which members combine their funds to protect one another…

Q: Give typing answer with explanation and conclusion  Come into being when the trustor dies. They do…

A: A testamentary trust is a type of trust that is created through a person's will and only comes into…

Q: Amounts that come from accounts of unvested employees that can be directed/contributed to the…

A: Unvested stocks are those stocks that are set aside for the employees which has not been vested due…

Q: Which of the following is a correct statement concerning the reporting of the pension plan on the…

A: The explanations are as follows

Q: When compleling an insurance application, a producer should   A.complete as much of the…

A: The producer of insurance has responsibility of taking care of clients and telling every thing about…

Q: Which of the following statements is not correct?

A: Leave monetization is actually the leave encashment which means the if there is any earned leaves…

Q: QUESTION 10 To assist pensioners with more than one source of income, legislation was introduced to…

A: Pensioners can have different sources of income. It makes the taxation of their income to be…

Q: Question #44 of 85   Question ID: 1251825 Which of the following are correct statements regarding a…

A: Option number A will be the correct answer.

Q: Which of the following statements is false? a. If there are changes to an individual’s…

A: Retirement planning includes preparing now for your retirement life in such a way that one continues…

Q: haracterize potential sources of income available for retirement years by addressing the following:…

A: Saving for retirement: Some governments provide schemes that allow working people to save for their…

Q: Do the GSIS and SSS have common functions in terms of retirement programs? Enumerate and explain…

A: Retirement programs are made by the government of the countries for public and private sectors…

Q: When compleling an insurance applicalion, a producer should A. complete as much of the application…

A: The job of the producer is to make sure that the applicant knows all the features of the insurance…

Q: Which of the following is true about plan assets? Any excess return on plan assets are earned to…

A: Plan assets refer to the form of assets that are held onto by the owner for long-term employee…

Q: Which of the following items on the statement of net assets available for benefits would indicate a…

A: nondiscrimination testing is one of the tests of IRS testing  in order to ensure that company not…

Q: Discuss the potential for adverse selection when insureds exercise the renewability or…

A: In the insurance industry, adverse selection refers to situations in which an insurance company…

Q: a. The amount to be received at retirement depends on actuarial calculations. Defined Benefit plan…

A:

Q: A$515000 bond was retired at 98 when the carrying value of the bond was $505000. The entry to record…

A: The company incur loss if payable amount is more than carrying amount of bond and incur gain if…

Q: B) The insured bas to die while disabled

A: The insured has to die while disabled is false statement in given question. There is no such…

Q: Which of the following items is required by the Life Insurance and Annuity Replacement Rule? A. A…

A: The answer is stated below:

Q: Which of the following is an example of mandatory deduction?

A: Deductions are the amount of money which is made on the income or on the earnings of the employee…

Q: Which of the following statements is correct? a. prior year statements should always be restated for…

A: Answer -    Accounting policies are the specific principles, bases, conventions, rules and practices…

Q: what give rises to the changes in PBO balance?

A: PBO stands for the Projected Benefit Obligation. It shows how much the company would need in its…

Q: A covered person obtained an fixed return life insurance policy with an SEC restricted entity before…

A: Life Insurance policy A contract is agreed between the policyholder and the insurance company in…

Q: When researching retirement obligations in the FASB Accounting Standards Codification you would look…

A: Accounting standards are the set of rules that are framed by a specific board to give a reporting…