Which of the following is/are true?
a. U.S. GAAP and IFRS do not permit the employer to prepare consolidated financial statements with the retirement trust.
b. The employer must report the net funded status of each defined benefit retirement plan (that is, the fair value of retirement trust assets minus the retirement trust obligation) as either an asset or a liability on its balance sheet.
c. The employer must report the net funded status of each defined benefit retirement plan and credit (for an overfunded plan) or debit (for an underfunded plan) is to Other Comprehensive Income.
d. Notes to the financial statements provide information about investments made by the retirement trust and how trust assets and liabilities changed during a period.
e. all of the above
E
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After closing the temporary owners' equity accounts into Income Summary, and after allocating the net income and closing the partners' drawing accounts, assume the partners' capital accounts had credit balances as follows: Sanchez, $20,000; Dorvinsky, $30,000; Davenport, $45,000 . Partners share profits and losses as follows: Sanchez, 20%; Dorvinsky, 30%; and Davenport, 50%. If Davenport retired
and withdrew $40,000 in settlement of his/her equity and settlements are allocated according to capital interests, the amount entered in Dorvinsky's capital account would be a a. $2,000 credit. b. $2,000 debit. c. $3,000 credit. d. $3,000 debit.
Connectors should be kept informed before, during, and after an event to increase a firm's chances of garnering media attention about the event
Indicate whether the statement is true or false
The main reason behind Alphabet's decision to acquire the Israeli start-up company Waze for $1 billion was probably to
A. support start-up companies with venture capital. B. share its capabilities with Waze. C. preempt its competitors from buying Waze. D. gain access to technology that is alien to it.
The symbol ? indicates the _____
a. union of events b. intersection of events c. sum of the probabilities of events d. sample space