Question 17 (4 points) The following information pertains to an insurance policy that Barton owns...
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Question 17 (4 points) The following information pertains to an insurance policy that Barton owns on his life: Face amount $200,000 Accumulated premiums paid up to December 31 16,000 Cash value at December 31 24,000 Policy loan 6,000 In Barton's personal statement of financial condition at December 31, what amount should be reported for the investment in life insurance? $194,000 $24,000 $18,000 $16.000
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