Dissolution is the term which solely means to liquidate the partnership
Indicate whether the statement is true or false
False
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TKE Corporation established a defined benefit pension plan in 2016. TKE has provided the following information for the year ended December 31, 2018: Service cost$90,000 Interest cost$120,000 Actual return on plan assets$70,000 Expected return on plan assets$80,000 Amortization of prior service costs$30,000 If the company contributes $130,000 cash to the pension plan trustee, which one of the following journal entries properly records the payment?
A.
| DR Pension expense | 120,000 | ? |
| DR Pension asset | 10,000 | ? |
| CR Cash | ? | 130,000 |
B.
| DR Pension expense | 130,000 | ? |
| CR Cash | ? | 130,000 |
C.
| DR Pension expense | 160,000 | ? |
| CR Cash | ? | 130,000 |
| CR Pension asset (liability) | ? | 30,000 |
D.
| DR Pension expense | 90,000 | ? |
| DR Pension asset (liability) | 40,000 | ? |
| CR Cash | ? | 130,000 |
Risk that can be eliminated by diversification is
A. unsystematic risk. B. systematic risk. C. default risk. D. interest-rate risk.
What is a USP? When would a marketer use a USP strategy?
What will be an ideal response?
As of December 31, Year 1, Gant Corporation had a current ratio of 1.29, quick ratio of 1.05, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. On January 1, Year 2, Gant issued common stock at par value for $10,000 cash. Which of the following statement is correct?
A. Gant's working capital will decrease. B. Gant's current ratio will increase. C. Gant's quick ratio will decrease. D. Gant's current ratio will decrease.