Most states follow the Doctrine of Ancient Lights
Indicate whether the statement is true or false
False
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The projected benefit obligation measures
a. the pension obligation on the basis of the plan formula applied to years of service to date and based on existing salary levels. b. an estimated total benefit at retirement and then computes the level cost that will be sufficient, together with interest expected to accumulate at the assumed rate, to provide the total benefits at retirement. c. the pension obligation on the basis of the plan formula applied to years of service to date and based on future salary levels. d. the shortest possible period for funding to maximize the tax deduction.
An accountant who blows the whistle on financial wrongdoing by his/her employer by going outside the entity violates:
A. One's reliability obligation B. The due care principle C. Confidentiality D. Public interest obligation
The registered office in the articles of incorporation must be the same as the corporation's place of business
Indicate whether the statement is true or false
Pete negotiates a deal for the sale of certain real estate to Owen. Pete promises to hold the offer open in return for a small payment but does not state an exact period of time. With respect to this offer A) the deal is binding except for Pete's promise to hold the offer open
B) a reasonable period of time is implied. C) Pete must hold the offer open for an indefinite period. D) ?the deal is done.