U.S. GAAP treatment of a defined benefit pension plan requires employers to recognize the funded status as
a. an asset, if the pension plan(s) is/are overfunded.
b. a liability, if the pension plan(s) is/are underfunded.
c. both an asset [for the net overfunded plan(s)] and a liability [for the net underfunded plan(s)].
d. an adjustment to Other Comprehensive Income, a shareholders' equity account that is not part of net income, for the offsetting amount.
e. all of the above
E
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Which stage in the product life cycle normally lasts longest?
A) introduction B) development C) growth D) maturity E) decline
An offeree can forestall a revocation by using a(n) ________
A) attachment B) garnishment C) option D) enforceable contract
Tracy is covered by a group dental insurance plan at work. At her latest check-up, the dentist notes that she needed crowns on two teeth
Under her plan, if the cost of dental work will exceed $500, the dentist submits the treatment plan to the insurer to calculate what the plan will cover and what the employee will pay. This provision is known as a A) mandatory second opinion. B) underwriting review. C) predetermination of benefits. D) claims audit.
Alexandra manages a Beans Bistro for Coffee Shops, Inc To manage the business, Alexandra's authority can be inferred A) from the position Alexandra occupies
B) by a reasonable customer or supplier. C) to contradict Alexandra's express authority. D) under no circumstances.