Which of the following is the first stage in the standard model of the new product development process?
A. Development
B. Testing
C. Idea generation
D. Idea screening
Answer: C
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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 |
Roberto and Reagan are both 25-percent owner/managers for Bright Light Inc. Roberto runs the retail store in Sacramento, CA, and Reagan runs the retail store in San Francisco, CA. Bright Light Inc. generated a $125,000 profit companywide made up of a $75,000 profit from the Sacramento store, a ($25,000) loss from the San Francisco store, and a combined $75,000 profit from the remaining stores. If Bright Light Inc. is an S corporation, how much income will be allocated to Roberto?
A. $75,000 B. $62,500 C. $125,000 D. $31,250
Sea Harvest Fish Company and Temp Refrigerated Storage Company enter into a long-term lease for a warehouse.To be enforceable, the lease must be in writ¬ing
a. only if the amount of the rent to be paid is less than $500. b. only if the amount of the rent to be paid is more than $500. c. only if the amount of the rent to be paid is more than $5,000. d. if the amount of the rent to be paid is any amount.
A decision to dismiss can be appealed to the Board in:
a. Alabama. b. New York. c. California. d. Washington D.C.