Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

7. Receivables and Investments

Introduction to Investments in Securities

Financial Accounting

7. Receivables and Investments

Introduction to Investments in Securities

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Multiple Choice

Which of the following annuity payout options makes no additional payments to beneficiaries after the annuitant's death?

Refund annuity

Life annuity with period certain

Life annuity (straight life)

Joint and survivor annuity

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Verified step by step guidance

Understand the concept of an annuity: An annuity is a financial product that provides regular payments to an individual (the annuitant) over a specified period or for their lifetime.

Review the types of annuity payout options: Refund annuity, Life annuity with period certain, Life annuity (straight life), and Joint and survivor annuity. Each has distinct characteristics regarding payment continuation after the annuitant's death.

Focus on the 'Life annuity (straight life)' option: This payout option provides payments to the annuitant for their lifetime but does not make any additional payments to beneficiaries after the annuitant's death.

Compare this with other options: Refund annuity may return unused funds to beneficiaries, Life annuity with period certain guarantees payments for a specific period even if the annuitant dies, and Joint and survivor annuity continues payments to a surviving partner after the annuitant's death.

Conclude that the 'Life annuity (straight life)' option is the correct answer because it ceases payments entirely upon the annuitant's death, with no provision for beneficiaries.