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    Intermediate Accounting Study Set 3
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    Exam 4: Statements of Financial Position and Changes in Equity; Disclosure Notes
  5. Question
    The Cash Surrender Value of an Insurance Policy Should Be
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The Cash Surrender Value of an Insurance Policy Should Be

Question 26

Question 26

Multiple Choice

The cash surrender value of an insurance policy should be classified on the balance sheet under the caption:


A) capital assets.
B) other assets.
C) current assets.
D) investments and funds.

Correct Answer:

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