The discount rate that firms use in measuring the pension plan liability is the rate of return on
a. high-quality equity investments.
b. low-quality fixed-income investments with a maturity approximately equal to the period to maturity of the pension benefits.
c. average-quality fixed-income investments with a maturity approximately equal to the period to maturity of the pension benefits.
d. high-quality fixed-income investments with a maturity approximately equal to the period to maturity of the pension benefits.
e. certificates of deposit with a maturity approximately equal to the period to maturity of the pension benefits.
D
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Bourne Company received rent in advance of $9,000 on December 31, 2016, which was taxable when received for income tax purposes. The company's effective tax rate was 30%, and this was the only temporary difference. Which of the following should be reported on the December 31, 2016 balance sheet?
A) $9,000 as a current deferred tax liability B) $2,700 as a current deferred tax liability C) $2,700 as a current deferred tax asset D) $9,000 as a current deferred tax asset
If we are using a Monte Carlo simulation model, we should expect the model to produce the same results for each set of random numbers used
Indicate whether the statement is true or false
Bruce believes a local manufacturer is responsible for contaminating some land he owns. He filed suit against the company
Rather than have the case go to court, the manufacturing company's legal team suggested mediation or arbitration to settle the case. Methods that are employed to resolve legal disputes without litigation, such as mediation, are called A) collateral source rules. B) alternative dispute resolution techniques. C) joint and several liability techniques. D) comparative negligence rules.
A contract is a(n) agreement
a. rapid contract b. fast contract c. explicit contract d. implied contractif there is a written or oral expression of intent by the parties to enter into a legally binding e. none of the other choices are correct