PLS HELP ASAP On whose life are the benefits of a segregated fund based?AcronymsCalculatorA.Annuitant.B.Beneficiary.C.Contract holder.D.Account holder. FinisProgress 0Candidate: SHARWhat is the most accurate feature of a Canada Education Savings Grant (CESG)?AcronymsCalculatorA.CESG may be earned until the beneficiary is 21 years of age.B.The maximum lifetime CESG per beneficiary is $8,500.C.The maximum CESG per beneficiary is $2,500 annually.D.CESG payments are made directly to the RESP firm.

1. The correct answer is C. Contract holder.Explanation: In segregated funds, which are a type of…

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On whose life are the benefits of a segregated fund based? Acronyms

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 32GI: What is a fund? Distinguish between a fund and an appropriation of retained earnings.

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Question

PLS HELP ASAP

On whose life are the benefits of a segregated fund based?
Acronyms
Calculator
A.
Annuitant.
B.
Beneficiary.
C.
Contract holder.
D.
Account holder.

Finis
Progress 0
Candidate: SHAR
What is the most accurate feature of a Canada Education Savings Grant (CESG)?
Acronyms
Calculator
A.
CESG may be earned until the beneficiary is 21 years of age.
B.
The maximum lifetime CESG per beneficiary is $8,500.
C.
The maximum CESG per beneficiary is $2,500 annually.
D.
CESG payments are made directly to the RESP firm.

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