Which of the following statements apply to buyback agreements? If you are logged into your account, this site will remember the cards you know and not, so they will be in the same field when the next registration. Choose one: a. Life insurance premiums used to finance a buy-back contract are tax deductible for a business, but not for a partnership or individual b. In a cross-buy-back agreement, the company agrees to acquire the shares after the triggering event. d. If a shareholder dies, the policies of other shareholders are included in the fraudster`s estate for federal tax purposes. Use these cards to memorize information. Look at the big map and try to remember what`s on the other side. Then click on the card to return it.
If you know the answer, click on the green knowledge field. Otherwise, click on the red field Don`t know. If you`ve put seven or more cards in the Don`t Know field, click “Repeat” to try these cards again. c. If a company pays premiums for a policy owned by one shareholder over the life of another shareholder, that payment is likely to be considered a dividend. To see how well you know the information, try the quiz or test activity. If you need a break, try one of the other activities listed in tabs like Matching, Snowman or Hungry Bug. Although you feel like you`re playing a game, your brain makes even more connections with information to help you. You can also move the cards with the keyboard as follows: If you accidentally placed the card in the wrong field, you just click on the card to remove it from the cardboard.