Current assumption whole life insurance Current assumption whole life insurance is nonparticipating whole life policy in which the cash values are based on the insurer’s current mortality, investment, and expense experience.
An accumulation account is credited with a current interest rate that
Assumption-of-risk Assumption-of-risk is a defense against a negligence claim that bars recovery for damages if a person understands and recognizes the danger inherent in a particular activity or
Assumption Assumption refers to a supposition on the current situation or a presupposition on the future course of events, either or both assumed to be true in the absence of ...
Cost flow assumptions Cost flow assumptions is about which units were sold that most companies make assumptions to keep track of the cost of each particular item sold.
Time period assumption Time period assumption is a convenient assumption that accountants can divide the economic life of a business into artificial time periods. The time period assumption is also called the periodicity assumption.
Economic entity assumption Economic entity assumption is an assumption that requires that the activities of the entity be kept separate and distinct from the activities of its owner and all other economic entities.
Monetary unit assumption The monetary unit assumption requires that companies include in the accounting records only transaction data that can be expressed in terms of money.
Assumptions Sheet Assumption sheet is an explanation of the most critical assumptions based on general information, and no specific sources will be cited to substantiate assumption.